Domestic cobalt prices have stopped rising and falling this week

According to data monitoring from Business Society, as of April 21, cobalt prices were 271600 yuan/ton, a decrease of 0.29% compared to April 14, when cobalt prices were 272400 yuan/ton; The cobalt price decreased by 1.77% compared to 276500 yuan/ton on April 19th; The cobalt price decreased by 6.57% compared to 290700 yuan/ton on April 1st. International cobalt prices have plummeted, with cobalt prices briefly rising this week and then falling back.

International cobalt prices plummet

From the trend chart of MB cobalt price, it can be seen that MB cobalt price has significantly decreased this week, and international cobalt prices have stopped rising and falling, which is negative for the domestic cobalt market. Domestic cobalt prices have stopped rising and falling.

Overview and outlook

According to Bai Jiaxin, a data analyst at Business Society, the international cobalt price has stopped rising and plummeted this week, causing a bearish situation in the international cobalt market. The supply and demand of the cobalt market are relatively balanced, and the downward pressure on the domestic cobalt market has increased. This week, the cobalt price has stopped rising and falling. In the future, the supply and demand of cobalt in the market are relatively balanced, and there are still bearish trends in the cobalt market. It is expected that cobalt prices will fluctuate slightly in the future.