Domestic cobalt price fell on February 14

Domestic cobalt price fell on February 14

According to the data monitoring of the Business News Agency, as of February 14, the domestic cobalt price was 289100 yuan/ton, down 0.14% from the February 13 cobalt price of 289500 yuan/ton. On February 14, the domestic cobalt price continued to decline slightly.

Analysis points

The price of cobalt in LME market declined slightly, the price of MB cobalt stabilized, and the decline of international cobalt price slowed down; In January, the production and sales of new energy vehicles fell on a month-on-month basis. With the recovery of the domestic economy, the sales of new energy vehicles are expected to rebound in the future, and the demand for cobalt is expected to rebound; The cobalt price is close to the cost line, and the decline space of cobalt price is limited.

Aftermarket expectation

High expectations and low reality, the supply of cobalt price is sufficient and the demand is insufficient, and the cobalt price is expected to fall slightly in the future.