|
Variety/Specification |
Quote market/region |
Quote |
Average |
Change |
unit |
|
1# Cobalt |
Guangdong South Storage Spot |
257,000-279,000 |
268,000 |
-1000 |
RMB/ton |
|
1# Cobalt |
Shanghai Metal Network |
270,000-279,000 |
274,500 |
0 |
RMB/ton |
|
Electrolytic Cobalt (99.8%) |
Shanghai Huatong spot |
269,000-279,000 |
274,000 |
0 |
RMB/ton |
|
Cobalt (250kg/barrel 99.95%) |
Domestic/Zambia |
268,000-278,000 |
273,000 |
0 |
RMB/ton |
|
Cobalt powder (-200 mesh, domestic) |
Shanghai |
300,000-313,000 |
306,500 |
500 |
RMB/ton |
|
Electrolytic cobalt |
Shanghai Jinzang (Domestic Delivery) |
276,000-276,000 |
276,000 |
0 |
RMB/ton |
Price trend
On September 17, the domestic price of cobalt metal was quoted at 257,000-279,000 RMB/ton, and the price was weak and stabilized, and the cobalt market was weak and stabilized.
Analysis review
The output and installed capacity of ternary batteries grew slowly, and the demand in the cobalt market has grew slowly. The United States has strategically reserved cobalt alloys, and the demand in the international cobalt market had increased. The Congolese gold and cobalt export ban led to a decrease in the import of Congolese gold and cobalt raw materials, and an increase in Indonesian cobalt intermediate exports, which had made up for part of the shortage of cobalt raw materials and reduced the overall supply of the cobalt market. The supply of cobalt salts had decreased, the price of cobalt salts had increased, and the price of lithium cobaltate had stabilized, which was still positive for the cobalt market. The international cobalt price fluctuated and consolidated, and the positive impact on the domestic cobalt market had remained, while the negative impact had weakened. The overall upward momentum of the cobalt market had remained, and the downward pressure had eased.
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