Price trend

On May 21st, the domestic price of cobalt metal was 229,000-251,000 RMB/ton, with a weak decline in price and a weak decline in the cobalt market.

Analysis review

The production and sales volume of ternary batteries increased, and the demand for cobalt in the market had grown; The export of cobalt from the Democratic Republic of Congo was banned, and the import of cobalt raw materials decreased. The export of intermediate cobalt products from Indonesia increased, making up for the shortage of cobalt raw material supply. The overall supply of cobalt in the cobalt market was sufficient; The sufficient supply of cobalt salts had led to a weak decline in cobalt salt prices, and the weak decline in lithium cobalt oxide prices had weakened the positive outlook for the cobalt market; The international cobalt price fluctuated and fell, weakening the bullish trend for the domestic cobalt market; The overall upward momentum of the cobalt market had weakened, and downward pressure still existed.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.