The domestic cobalt price fell sharply in January

According to the data monitoring of the Business News Agency, as of January 31, the domestic cobalt price was 297200 yuan/ton, down 8.10% from the cobalt price of 323400 yuan/ton on January 1. Both supply and demand in the cobalt market are weak, the international cobalt price continues to fluctuate and fall, the cobalt salt price falls in a weak way, and the domestic cobalt price falls sharply.

MB cobalt price fell sharply in January

From the trend chart of MB cobalt price in January, it can be seen that the MB cobalt price fell sharply in January, the MB cobalt price fell sharply in the first ten days, the MB cobalt price fell slightly in the middle and late ten days, the international cobalt price fell, the domestic cobalt market fell, the domestic cobalt price fell pressure increased, and the downward pressure of the future cobalt price remained.

LME cobalt price fell sharply in January

It can be seen from the LME cobalt price trend chart that the LME cobalt price fell sharply in January, the LME cobalt price fell in the first ten days of January, the cobalt price stabilized in the middle and late ten days, the international cobalt price fell, and the domestic cobalt market fell. With the cobalt price stabilized, the downward pressure on the domestic cobalt price weakened in the future.

The price of cobalt salt fell slightly in January

It can be seen from the cobalt salt price trend chart that the cobalt salt price fell slightly in January, but the decline of cobalt salt slowed down, the downward pressure on the cobalt market industry chain weakened, and the downward pressure on the domestic cobalt market weakened.

Overview and prospect

Bai Jiaxin, an analyst with the data of Business News Agency, believes that the international cobalt price fell sharply in January, and the domestic cobalt market was negative. The downward pressure of the cobalt market remained, the decline of the cobalt salt price slowed down, and the downward pressure of the domestic cobalt price weakened. It is expected that the future cobalt market will be weak and stable.