The domestic cobalt price fell in shock this week
| PVA |
According to the data monitoring of the business community, as of December 19, the domestic cobalt price was 329500 yuan/ton, down 0.09% from 329800 yuan/ton on December 11. The decline of international cobalt price slowed down, the price of cobalt salt became weak and stable, and the domestic cobalt price decreased slightly.
MB price fell slightly
It can be seen from the MB price trend chart that the MB price fell slightly this week, the international cobalt price fell, the decline of the international cobalt market slowed down, the domestic cobalt market was negative, and the domestic cobalt price fell.
3C market consumption downturn
In recent years, the performance of mobile phones has been excessive, and the innovation of new products has been reduced, resulting in the lack of mobile energy for consumers. Consumer demand for mobile phones continues to decline, and the domestic smartphone replacement cycle is expected to increase to 34 months. According to the latest report of IDC, it is estimated that in 2023, the shipment volume of China’s mobile phone market will decline 0.9% year on year, narrowing the decline; Although the epidemic prevention policy began to relax, the national consumption level still needs to recover. 3C market consumption is sluggish, while cobalt market demand is still sluggish.
Overview and prospect
Bai Jiaxin, a data analyst from the business community, believes that the international cobalt price fell slightly this week, the cobalt salt price fell, the cobalt market was negative, and the demand in the cobalt market remained sluggish. In the future, the demand in the cobalt market is sluggish, and the cobalt price is expected to decline due to shocks.
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