Views on the Trend of Cobalt Prices on May 26

Price trend

According to the data monitoring of SunSirs, the cobalt price fell sharply on May 26, and the cobalt market fell. On May 26, the cobalt price was 478,000 RMB/ton, down 3.55% from the previous trading day's 495,600 RMB/ton. The drop in international cobalt prices dragged down the domestic cobalt market, and domestic cobalt prices fell sharply.

Analysis review

It can be seen from the monitoring data of SunSirs that the price of MB cobalt has fallen sharply recently. The drop in international cobalt prices dragged down the domestic cobalt market, the cobalt price fell, and the cobalt market fell.

Market outlook

The drop in international cobalt prices dragged down the domestic cobalt market, and cobalt prices are expected to decline weakly in the market outlook.