Domestic cobalt price rose on March 14

According to the data monitoring of business agency, the domestic cobalt price rose and the cobalt market rose on March 14. On March 14, the price of cobalt was 568500 yuan / ton, up 0.71% from 564500 yuan / ton on the previous trading day; The cobalt market rose, and the cobalt price rose slightly.

Key points of analysis

The rise of international cobalt price has slowed down, and the price difference at home and abroad still exists; The consumption of new energy vehicles increased, the sales volume of new energy vehicles decreased month on month, the demand growth rate of cobalt market fell, the output of ternary battery increased year on year, the demand of cobalt market was strong, and the rising power of cobalt market still exists. Cobalt prices rose too fast, and the risk of future decline remains.

Future forecast

The demand is high, the cobalt price rises, the price difference between domestic and foreign cobalt prices still exists, the risk of cobalt price rising too fast and falling still exists, and the cobalt price is expected to rise slightly in the future.