Cobalt prices fell sharply this week

According to the data monitoring of business society, the cobalt market continued to decline this week, and the cobalt price fell sharply. As of May 16, the average price of cobalt was 510500 yuan / ton, down 5.46% from 540000 yuan / ton on May 1 at the beginning of the month; Compared with the price of 534300 yuan / ton of cobalt on May 9, it fell by 4.45%. The supply and demand of cobalt market were both weak, and the cobalt price fluctuated and fell this week.

Lithium iron phosphate seizes the market share of ternary battery

In April, the growth rate of automobile market production and sales hit a new low in recent ten years, and the production and sales of new energy vehicles decreased by 33-38% month on month. Lithium iron phosphate batteries continue to seize the market share of ternary batteries, and the installed proportion of lithium iron phosphate is gradually close to 70%. Generally speaking, the sales of ternary batteries declined, the demand of cobalt market declined, and the pressure of cobalt price decline was great.

International cobalt prices fell

As can be seen from the price list of MB cobalt, the price of MB cobalt fell on May 12, the international price of cobalt fell, and the cobalt market fell.

Market Overview

Bai Jiaxin, a data analyst at business news agency, believes that the international cobalt price has fallen, the price of cobalt salt has fallen sharply, the proportion of ternary battery market has declined, and the demand of cobalt market has declined; The supply side is relatively stable, and the downward pressure on cobalt prices is increasing. In the future, the cobalt market is just weak, the cobalt price has a large space to fall, and the demand is less than expected. It is expected that the cobalt price will fluctuate and adjust at about 500000 yuan / ton in the future.