In March 2019, the average monthly price of SMM electrolytic cobalt was 264200 yuan / ton, down 4.5% from the previous month and 5.9% from the same period last year. At the beginning of this month, the price difference of electric cobalt at home and abroad was still there, and domestic suppliers and speculative markets were now bearish, but downstream demand was weak, mainstream manufacturers lowered their quotations, and market mainstream prices followed suit. In the middle of the month, due to the deterioration of the overseas epidemic caused by poor terminal demand, foreign media prices continued to decline slightly.

For details, see the high-end monthly report of China's cobalt-lithium new energy industry chain in April 2020.

SMM Battery Materials Research team

Hu Yan 021-51666809

Qin Jingjing 021-51666828

Mei Wangqin 021-51666759

Huo Yuan 021-51666898

Wuyang 021-51666818

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