On September 9th, the domestic cobalt price was quoted at 258,000-278,000 RMB/ton, with an increase in the quotation, the cobalt market was strong and upward, the production of ternary batteries, the installation volume and sales volume grew slowly, the demand for cobalt market grew slowly, ,the cobalt export ban in the DRC, the import source of cobalt raw materials in the DRC decreased, and the export of cobalt intermediates in Indonesia increased, which compensated for part of the cobalt raw material supply shortage, and the overall supply of the cobalt market decreased; the supply of cobalt salts decreased, the price of cobalt salts increased strongly, the price of cobalt acid lithium stabilized, and there was still a positive impact on the cobalt market, but the downward pressure was reduced; the overall cobalt market is still upward, and the downward pressure is reduced.

As an integrated internet platform providing benchmark prices, on September 10, the benchmark price of cobalt on SunSirs was 270,800.00 RMB/ton, up 1.84% from the beginning of this month (265,900.00 RMB/ton).

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

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