Trend analysis

 

According to the data of business agency, the cobalt price dropped slightly in December, and the cobalt Market weakened. As of December 22, the cobalt price was 264166.66 yuan / ton, down 0.44% from 265333.34 yuan / ton at the beginning of the month (December 1).

 

Wuxi Electronic Trading Center Inventory

 

Inventory date, variety, inventory quantity, delivery quantity unit

2020-12-22 1684 tons of cobalt

2020-12-21 16 42.5 5.25 tons of cobalt

2020-12-18: 1642.754.75t

2020-12-17 1644.25 1.5 tons of cobalt

2020-12-16 16 65.75 1.5 tons of cobalt

December 15, 2020: 1646.751 tons

1627.751 tons of cobalt on December 14, 2020

1629.25 1.5 tons of cobalt on December 11, 2020

2020-12-10: 1627.753.5t

December 9, 2020: 1628 0.25 tons of cobalt

1599 1 tons of cobalt on December 8, 2020

2020-12-7 cobalt 1596.5 0.5 tons

2020-12-4 cobalt 1592.75 1.25 tons

2020-12-3 cobalt 1586 0.25 tons

2020-12-2 cobalt 1583 3 3 tons

December 1, 2020: 1177.25 1.5 tons of cobalt

 

From the cobalt inventory and settlement scale, we can see that the cobalt inventory of Wuxi Trading Center remained high in December, and the cobalt market inventory was large, the cobalt market supply was sufficient, and the closing year was approaching. Some cobalt enterprises were willing to ship the recovered funds at the end of the year. It is difficult to find a market for high price cobalt in the short term, and the market situation of cobalt market is bad.

 

Market Overview

 

Bai Jiaxin, a data analyst at the business agency, believes that with the coming of the new year, the demand for cobalt market has not increased significantly. On the supply side, cobalt enterprises are willing to ship before the year in order to recover funds, and the supply of cobalt market is sufficient. In the short term, cobalt market is not good enough, but bad. It is expected that the cobalt price will weaken slightly before the year.

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