This week, the price of cobalt continues to fall back.

In July, the price of cobalt in the outer plate went down. The high cobalt dropped from 14-15.5 USD/lb in early July to 13.5-15 USD/lb. The low cobalt slipped from 13.8-15 USD/lb to 12.9-14.2 USD/lb. Prices are trading in the midst of volatility and are currently quoted at $10.2-10.5/lb. The supporting role of raw materials has gradually faded. In the off-season of summer purchases, the market is trading lightly. In July, the market will be low-key, and the market will not be available in early August.
The domestic metal cobalt market generally follows the trend of the international market, but the resilience is slightly stronger than the international market. This week, the price of 2,000 yuan/ton was lowered. The price of Zambian cobalt is around 199-200 yuan/kg. The domestic cobalt decline is slower due to The price advantage of imported cobalt is strong in the domestic market.
The cobalt salt market has experienced varying degrees of loosening, with an average drop of around 1,000 yuan / ton. Due to the tight supply of cobalt mines abroad, smelters are less willing to adjust prices, but due to the overall market downturn and the overall downturn in the external conditions, the weakening of cobalt salt prices is also the trend of the times.

In terms of oxides, this year, the glass-ceramic industry continues to suffer from anti-dumping from the EU. In addition, the regulation of the real estate market is not lax, the glass-ceramic industry continues to be sluggish, the demand for upstream raw materials is weak, and the trading volume has been at a low level.

The market for sesquioxide is more affected by the lithium battery season. The third quarter is usually the off-season of lithium battery. The operating rate of material plants and battery plants will decrease. The difficulty of returning customers to the four cobalt companies will increase, and the consumption rate of tricobalt tetroxide will decrease. The turnover of cobalt trioxide was mostly around 172 yuan / kg, down 1000 yuan / ton from last week. However, cobalt trioxide is still an eye-catching variety in the cobalt industry, and the market demand is still considerable.

In summary, the cobalt market will be in a state of callback in the short term, but the tight supply in the peripheral supply will support the market after the market resumes procurement.

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