SunSirs: The Prices of Products in the Non-Ferrous Sector Generally Rose, and Cobalt Prices Fluctuated and Rose This Week

https://www.chemnet.com   Dec 28,2023 SunSirs

　　Cobalt prices fluctuated and rose this week

　　According to the cobalt market analysis system of SunSirs, as of December 25th, the cobalt price was 217,300 RMB/ton, an increase of 1.31% compared to December 18th, when the cobalt price was 214,500 RMB/ton. The non-ferrous sector had seen a simultaneous rise in prices, with international cobalt prices stopping their decline and rising. This week, cobalt prices had fluctuated and risen.

　　The market for products in the non-ferrous sector was on the rise

　　According to the commodity market analysis system of SunSirs, the basic non-ferrous index fluctuated and rose in December, with a rebound in macroeconomic conditions and a rebound in metal prices, which was beneficial for the cobalt metal market.

　　International cobalt prices stopped falling and rose

　　According to the trend chart of MB cobalt price, it can be seen that the price of MB cobalt fluctuated and fell in December. However, over the weekend, the price of MB cobalt stopped falling and rebounded slightly, while the international cobalt price stopped falling and rebounded. The international cobalt market had shown a trend of recovery, which was beneficial for the domestic cobalt market.

　　Overview and Outlook

　　According to data analysts from SunSirs, the non-ferrous metal sector was generally on the rise, macroeconomic conditions were favorable, and the international cobalt market was recovering, which was beneficial for the domestic cobalt market. It is expected that cobalt prices will fluctuate and consolidate in the future.

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