|
Variety/Specification |
Quote market/region |
Quote |
Average |
Change |
unit |
|
1# Cobalt |
Guangdong South Storage Spot |
252,000-272,000 |
262,000 |
0 |
RMB/ton |
|
1# Cobalt |
Shanghai Metal Network |
260,000-274,000 |
267,000 |
0 |
RMB/ton |
|
Electrolytic Cobalt (99.8%) |
Shanghai Huatong spot |
261,000-271,000 |
266,000 |
0 |
RMB/ton |
|
Cobalt (250kg/barrel 99.95%) |
Domestic/Zambia |
260,000-273,000 |
266,500 |
0 |
RMB/ton |
|
Cobalt powder (-200 mesh, domestic) |
Shanghai |
275,000-297,000 |
286,000 |
0 |
RMB/ton |
|
Electrolytic cobalt |
Shanghai Jinzang (Domestic Delivery) |
270,000-269,000 |
269,000 |
-1,000 |
RMB/ton |
Price trend
On August 13th, domestic cobalt metal prices were quoted between 252,000 and 274,000 RMB/ton, fluctuating and consolidating. The cobalt market was stabilizing.
Analysis review
Ternary battery production, installation volume, and sales were growing slowly, leading to slow growth in cobalt demand. Congolese gold and cobalt export ban 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. Reduced cobalt salt supply had led to fluctuating and stabilizing prices, while lithium cobaltate prices had risen, maintaining positive momentum for the cobalt market. International cobalt prices were fluctuating and consolidating, while the positive impact on the domestic cobalt market remained, while the negative impact had weakened. Overall, the cobalt market maintained upward momentum, while downward pressure had eased.
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