On December 16, the domestic cobalt price fell sharply

According to the data monitoring of business agency, the domestic cobalt price fell sharply on December 16, and the cobalt market fell back. On December 16, the cobalt price was 482700 yuan / ton, down 1.51% from 490100 yuan / ton on the previous trading day (December 15); after more than 20 days of continuous rise, the cobalt price fell sharply on December 16.

The rise of international cobalt price slowed down

As can be seen from the trend chart of LME cobalt price, the rise of LME cobalt price slowed down and the international electrolytic cobalt price stabilized; In December, MB cobalt price stabilized and the rise of international cobalt price slowed down. The price difference at home and abroad decreased, and the upward momentum of domestic cobalt weakened.

Market Overview

According to the data analysts of business news agency, the rise of international cobalt price slowed down in December, the domestic cobalt price rose sharply continuously, the price difference between domestic and foreign cobalt prices decreased, the enthusiasm for domestic cobalt export decreased, the rising power of domestic cobalt price weakened, and the domestic cobalt price fell on the 16th. The demand of the cobalt market is still, the positive of the cobalt market still exists, the short-term cobalt price rise in the future is insufficient, and the long-term cobalt price rise is still supported.