Weak consumption of digital alloy cobalt products demand is still looking at the power market

       On the foreign media cobalt prices rose again, but the digital and alloy market demand is insufficient, the mainstream of the relevant cobalt products steady, just a small amount of high-priced transactions. Trading trades, traders traded more often. In the power market, the production and sales of new energy vehicles in October performed well and the passenger car pulling effect was remarkable. The overall transaction price of ternary materials rose slightly, but the difference in product transaction price between different manufacturers increased. Apart from the product quality of enterprises and the brand premium of the enterprises themselves, the return of funds at year end was also an important factor.

    Electrolytic cobalt: Foreign media quotes pull up again after experiencing dormancy for a period of time. Although the pull-up has a certain boost to the mentality of suppliers in the domestic market, the terminal consumption is still sluggish and the transaction atmosphere is deadlocked. SMM electrolytic cobalt current price of 43.8-44.8 yuan / ton, the average price unchanged from last week.

    Trioxide: cobalt cobalt prices rose Thursday. Despite the recent weakening of demand side, small fluctuations, but the pressure on the mainstream supplier stocks less pressure on the cost of raw materials under the general optimistic about the market outlook cobalt prices, not in a hurry to ship. SMM cobalt tetroxide current price of 361-371 yuan / kg, the average price rose 3 yuan last week / kg.