Price trend

On June 16th, the domestic metal cobalt quotation was 222,000-247,000 RMB/ton, and the quotation stabilized, indicating a strong consolidation of 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 had 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 supply of cobalt salts was sufficient, and the prices of cobalt salts and lithium cobalt oxide fell, which still had positive effects on the cobalt market; The weak consolidation of international cobalt prices had weakened the bullish outlook for the domestic cobalt market; The overall upward momentum of the cobalt market still existed, and the downward pressure had weakened.

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