Cobalt salt prices continue to fall

　　Since June, cobalt salt prices have continued to decline
.
Market monitoring data shows that in late June, the price of cobalt chloride fell to 95,500 yuan (ton price, the same below), down 8.
2% from the beginning of June; the price of cobalt tetroxide fell to 280,000 yuan, a drop of 15.
9%; the price of cobalt oxide fell to 273,000 yuan, a decrease of 16%; the price of cobalt sulfate fell to 77,000 yuan, a decrease of 6.
1%
.

　　The price of cobalt salt fell, industry analysts believe that the main reason is the weakening of downstream demand
.
Cobalt salts are widely used in digital products, but recently consumers' new mobile phone update speed has slowed down, and mobile phone shipments have shown a downward trend
.
According to industry reports, in the first five months of this year, the total shipments of mobile phones in the domestic market totaled 108 million units, a year-on-year decrease of 27.
1%, of which April shipments fell by 34.
4% year-on-year
.
In addition, the use of cobalt salts in new energy vehicles is also relatively large.
Due to factors such as the epidemic, the growth rate of production and sales of new energy vehicles in China slowed down significantly in April, with output only 312,000 units, and sales falling below 300,000 units.
, more than 1/3 of the previous normal growth rate
.
At present, the market is still digesting this unfavorable factor, and the demand for cobalt salts is slowly recovering
.

　　Regarding the market outlook, analysts at Longzhong Information believe that the recent continuous decline in the electronic market of cobalt sulfate has affected the mentality of the industry.
In addition, downstream customers just need to replenish the goods, and the destocking of raw materials is limited.
At the end of the offer, the actual order transactions are mainly small orders, and it is expected that the price of cobalt salts will run weakly in the short term
.