|
Variety/Specification |
Quote market/region |
Quote |
Average price |
Up and down |
Unit |
|
1# Cobalt |
Guangdong South Storage Spot |
253,000-273,000 |
263,000 |
0 |
RMB/ton |
|
1# Cobalt |
Shanghai Metal Network |
265,000-275,000 |
270,000 |
-500 |
RMB/ton |
|
Electrolytic cobalt (99.8%) |
Shanghai Huatong Spot |
263,000-272,000 |
267,500 |
-2,000 |
RMB/ton |
|
Cobalt (250kg/barrel 99.95%) |
Domestic/Zambia |
260,000-272,000 |
266,000 |
0 |
RMB/ton |
|
Cobalt powder (-200 mesh, domestic) |
Shanghai area |
275,000-295,000 |
285,000 |
2,500 |
RMB/ton |
|
Electrolytic cobalt |
Shanghai Jinzang (Domestic Delivery) |
258,000-256,000 |
256,000 |
-2,000 |
RMB/ton |
On August 6th, domestic cobalt metal prices fell to 253,000-275,000 RMB/ton, signaling a decline in the cobalt market. Ternary battery production, vehicle installation, and sales were growing slowly, leading to slow growth in cobalt demand. The Congolese gold and cobalt export ban had reduced imports of Congolese gold and cobalt raw materials. Increased exports of Indonesian cobalt intermediates had partially offset the shortage of cobalt raw materials, reducing overall cobalt supply. A decrease in cobalt salt supply led to fluctuating prices, while lithium cobaltate prices had risen, maintaining positive conditions for the cobalt market. International cobalt prices had fluctuated and consolidated, maintaining positive conditions for the domestic cobalt market, while negative factors had weakened. Overall, the upward momentum of the cobalt market had weakened, but downward pressure remained.
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