Cobalt prices have fluctuated and risen this week

Cobalt prices have fluctuated and risen this week

According to the cobalt market analysis system of Business Society, as of December 25th, the cobalt price was 217300 yuan/ton, an increase of 1.31% compared to December 18th, when the cobalt price was 214500 yuan/ton. The non-ferrous sector has seen a simultaneous rise in prices, with international cobalt prices stopping their decline and rising. This week, cobalt prices have fluctuated and risen.

The market for the non-ferrous sector is on the rise

According to the commodity market analysis system of Business Society, the basic non-ferrous index fluctuated and rose in December, with a rebound in macroeconomic conditions and a rebound in metal prices, which is beneficial for the cobalt metal market.

International cobalt prices stop falling and rise

According to the trend chart of MB cobalt price, it can be seen that the price of MB cobalt fluctuated and fell in December. However, over the weekend, the price of MB cobalt stopped falling and rebounded slightly, while the international cobalt price stopped falling and rebounded. The international cobalt market has shown a trend of recovery, which is beneficial for the domestic cobalt market.

Overview and Outlook

According to Bai Jiaxin, a data analyst at Business Society, the non-ferrous sector is generally on the rise, macroeconomic conditions are favorable, and the international cobalt market is recovering, which is beneficial for the domestic cobalt market. Expected cobalt prices to fluctuate and consolidate in the future.