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Domestic metal cobalt also basically follows the trend of the international market, and the average price is lowered by 3,000 yuan/ton this week. The mainstream market price is closed at 203-209 yuan/kg. The actual transaction price of imported cobalt is low, at 201-202 yuan/kg. about. This week, the market is more difficult to ship, and the industry is in a downturn in the off-season market, and trading tends to be calm. 
Due to the calming of the lithium battery industry, the demand for raw materials has been weakened. The shipment of cobalt trioxide is acceptable, but the high transaction difficulty has gradually become apparent. The price of the manufacturer has slightly adjusted downward. The market price is as low as 170 yuan/kg, and the mainstream price is concentrated at 172. Yuan / kg or so.
The price of cobalt powder manufacturers is stable at around 255 yuan/kg. Currently, the demand from the hard alloy industry is small, the shipment situation is general, and the price may be loose.
Before July, the market over-expected the Congo's policy, and the market was slightly illusory. It did not match the actual demand situation of the market. When this factor gradually faded, the price correction was basically in line with expectations. Glencore and Freeport will reduce the supply of cobalt raw materials in August, which may be an effective support point after the market resumes procurement. The market was generally bearish in July.
Abstract Cobalt prices continued to fall this week. MB high cobalt closed at $13.6-15/lb and low cobalt closed at $13.3-14.4/lb. At the Western summer break, orders from downstream industries are scarce, and most traders say they want to lower the price, but the number of inquiries received is small,...
Cobalt prices continued to pull back this week, with MB high cobalt closing at $13.6-15/lb and low cobalt closing at $13.3-14.4/lb. At the Western summer break, orders from downstream industries were scarce, and most traders said they wanted to lower the price, but the number of inquiries received was small and there were few deals.