1. Trend analysis
According to SunSirs data monitoring, the cobalt market stopped falling but rose instead, and the cobalt market rebounded. As of January 25, the cobalt price was 311000.00 yuan/ton, an increase of 0.76% from the 308666.66 yuan/ton cobalt price on January 17. Cobalt prices stopped falling and rebounded this week.
2. The price of cobalt salt
The price of cobalt salt soared in January and the cobalt market rose, which is positive for the cobalt market, and the cobalt price rises momentum.
3. Market summary
SunSirs data analysts believe that the price of cobalt salt soared in January, driving the rise of the cobalt market. Cobalt prices skyrocketed in January, and the recent increase in cobalt salt prices slowed down, which weakened the positive stimulus for the cobalt market. The momentum for the cobalt market to rise in the future still exists, but the rise in the cobalt market slowed down. Generally speaking, the cobalt market is positive, but with the coming of the Spring Festival, the cobalt market's purchasing enthusiasm has weakened, and the upward momentum of the cobalt market has weakened. Cobalt prices are expected to rise slightly and slowly in the future.
Related listed companies: Huayou Cobalt (603799), Hanrui Cobalt (300618), Luoyang Molybdenum (603993).
