Small metal cobalt stable small rise kinetic energy weakened

       Last week, small metal cobalt stable small rise, but the rally weak, according to social business data show that as of October 20th the domestic cobalt market price of 438666 yuan / ton, the beginning of the week the price of 437666 yuan / ton, when the week rose slightly by 0.23%, compared with the beginning of September Rose 1.31%, rose 61.97% compared with the beginning. It is worth mentioning that, after the long holidays, cobalt price of small metals began to decline from 438833 yuan / ton in 6 years, and this week almost returned to the highest level.

23/364889.html<br>10 19 month cobalt commodity index was 157.79, compared with the highest point in the cycle of 157.85 points (2017-10-10) dropped by 0.04%, compared with 2016, 07, 05, the lowest point of 69.84 points rose by 125.93%.

Two. Market analysis

Products: cobalt city since the end of September hit a 6 year high in October after the market into shock, the market rally too fast and the downstream conflict, it produced a wave after the callback, but this week the market once again return to the basic return to a 6 year high position. The majority of domestic manufacturers offer stable quotation this week. Currently, Jiangsu quoted price of 450 thousand yuan / ton, and Jinchuan group offered a slight increase of 2000 yuan / ton to 450 thousand yuan / ton.

Until the end of the week the main domestic market in Shanghai small metal cobalt price in 432000-442000 yuan / ton; Guangdong 1# cobalt price 432500-435500 yuan / ton; Changjiang nonferrous metal stock market co 1# offer in 440000-450000 yuan / ton, or above are tax price.

Supply and demand: in 2016 China's consumption of cobalt is about 4.2-4.3 million tons, while production is only about 40 thousand tons, 2 thousand tons are still gaps in the next few years the supply and demand imbalance will not be broken, the momentum of cobalt prices will not change in the short term, is expected in 2018 will be extended to the global supply gap 13 thousand and 600 tons.

Import and export: in August 2017, China imported 53094 tons of cobalt and cobalt products, an increase of 34.20%, an increase of 26.14% over the previous month, reflecting the demand for cobalt downstream is still strong.

International prices: as of October 20th, LME cobalt quoted 61000 US dollars / ton, up 2500 U.S. dollars / ton earlier than the beginning of the week. MB co quotation continues to rise slightly, cobalt (Co: = 99.8%):30.38 dollars / pounds, compared with the beginning of the 0.03% week; cobalt (Co: = 99.3%):29.9 dollars / pounds, compared with the beginning of the week rose 0.5%.

Three, outlook

After the festival, cobalt market rally slowed down, because the downstream market is still not accepted prices, upstream continue to maintain the original trend between the game between the results. But the overall supply and demand situation is still tight still support the market expected with all aspects of transportation, policy constraints and other reasons after the end of late October, or cobalt will remain high, but after all, the market has entered the off-season, continued high kinetic energy will be greatly weakened.