|
Variety/specification |
Quote market/region |
quote |
Average |
Change |
unit |
|
1# Cobalt |
Guangdong Nanchu spot |
238,000-258,000 |
248,000 |
0 |
RMB/ton |
|
1# Cobalt |
Shanghai Metal |
238,000-256,000 |
247,000 |
0 |
RMB/ton |
|
Electrolytic cobalt (99.8%) |
Shanghai Huatong spot |
236,500-255,300 |
245,900 |
-350 |
RMB/ton |
|
Cobalt (250kg/drum 99.95%) |
Domestic/Zambia |
235,000-258,000 |
246,500 |
0 |
RMB/ton |
|
Cobalt powder (-200 mesh, domestic) |
Shanghai |
265,000-275,000 |
270,000 |
0 |
RMB/ton |
|
Electrolytic cobalt |
Shanghai Gold Deposit (Domestic Delivery) |
232,000-230,000 |
230,000 |
-2,000 |
RMB/ton |
Price trend
On July 17th, the domestic price of cobalt metal ranged from 235,000 to 258,000 RMB/ton, with weak prices consolidating and the cobalt market stabilizing.
Analysis review
The production and sales volume of ternary batteries were slowly increasing, and the demand for cobalt in the market was also growing slowly; The export ban on cobalt from the Democratic Republic of Congo had been extended, resulting in a decrease in the import of cobalt raw materials from the country. The export of intermediate cobalt products from Indonesia had increased, making up for the shortage of some cobalt raw materials and reducing the overall supply in the cobalt market; The supply of cobalt salts was sufficient, and the price of cobalt salts was strongly consolidating. The price of lithium cobalt oxide was temporarily stable, which still had positive effects on the cobalt market; The international cobalt price was fluctuating and stabilizing, which weakened the bullish trend for the domestic cobalt market; The overall cobalt market had weak upward momentum, and downward pressure still existed.
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