On September 21, the price of metallic cobalt in the domestic non-ferrous metal spot market fell. The average price of cobalt was RMB 48,9250.00/ton, down by RMB 1000/ton from the previous trading day, a decrease of 0.20% and a year-on-year increase of 13.30%.

On September 21, the price of metal cobalt in major domestic manufacturers was temporarily stabilized. The average price of cobalt ex-factory was 52,5000.00 yuan/ton, which was stable compared with the previous trading day.

On September 20th, the cobalt commodity index was 176.35, which was the same as yesterday. It was 26.19% lower than the highest point of 238.91 points (2018-04-15) in the cycle, which was 152.51% higher than the lowest point of 69.84 on July 5, 2016. (Note: Period refers to 2011-09-01 to date).

On September 21, the domestic price of cobalt was down, the price of cobalt powder in Shanghai was stable, and the actual transaction price fell. On September 21, the domestic cobalt price of Wuxi Stainless Steel Electronic Trading Center was 476,000-496,000 yuan/ton, and the price of cobalt was stable. On September 21, the stock was 463 tons, and the warehouse receipt was reduced by 2.25 tons. The supply of cobalt is at a high level, and the cobalt market is in an oversupply state. In terms of demand, the cobalt market has a certain transaction, but the market is still based on on-demand procurement. In the international market, the price of cobalt in the LEM market in London fell. On September 20, the price of cobalt in the LEM market closed at US$60,000/ton, down by US$3,000/ton from the previous trading day. The cobalt stock in the LEM market was 715 tons, and the inventory increased by 4 tons. The increase in cobalt supply has increased, and the overall supply-demand relationship has not changed significantly. The low growth in supply and high growth has led to a weak rise in cobalt prices, and the risk of decline remains. However, due to the high price of the international cobalt mine in the early stage, and the Congolese government officially used cobalt mine as a strategic resource, the tariff is imminent, the import cost of cobalt mine is high, and the space for cobalt price decline is limited.

In terms of market outlook, a small amount of cobalt in the cobalt market, the price of cobalt increased less, and due to the lack of major changes in the supply and demand of cobalt, the overall supply of cobalt in the city is too high, the price of cobalt is difficult to maintain, the cost of cobalt ore is at a high level, and the price of domestic cobalt is still falling. It is expected that the price of cobalt in the market will be stable and stable, and the price of cobalt will remain stable.