Domestic cobalt price rose on June 8

According to the data monitoring of the business agency, the cobalt price stopped falling and rose on June 8, and the cobalt market rebounded and rose. On June 8, the cobalt price was 433700 yuan / ton, up 0.65% from 430900 yuan / ton on the previous trading day. The cobalt price stopped falling and rose, and whether the cobalt market has ushered in an inflection point.

Key points of analysis

The cobalt price in LME market has stabilized, the decline of MB cobalt price has slowed down, and the decline of international cobalt price has slowed down; The output of Sanyuan battery increased. According to the prediction of China Automobile Association, the sales volume of the automobile industry in May is expected to reach 1.7665 million, with a month on month increase of 49.59%. The sales volume of new energy vehicles increased, the sales volume of mobile phones decreased, and the demand of cobalt Market recovered. The price of cobalt salt stabilized and the downward pressure on metal cobalt weakened.

Aftermarket forecast

The demand is slowly warming up, the cobalt industry chain is stabilizing, and the downward pressure on the cobalt price is weakened. It is expected that the cobalt price will fluctuate and adjust strongly in the future.