Domestic cobalt price stopped falling on February 16

According to the data monitoring of the Business Agency, as of February 16, the domestic cobalt price was 288200 yuan/ton, up 0.03% from 288100 yuan/ton on February 15 of the previous trading day. On February 16, the domestic cobalt price stopped falling and stabilized.

Analysis points

On February 15, the price of cobalt in LME market fell sharply, the price of MB cobalt stabilized, and the international cobalt price fell still; 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 production and sales of new energy vehicles are expected to warm up in the future, and the demand of cobalt market is expected to warm up.

Aftermarket expectation

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