|
Variety/Specification |
Quote market/region |
Quote: |
average |
change |
unit |
|
1# Cobalt |
Guangdong Nanchu spot |
410,000-430,000 |
420,000 |
0 |
RMB/ton |
|
1# Cobalt |
Shanghai Metal Network |
414,000-433,000 |
423,500 |
-2,500 |
RMB/ton |
|
Electrolytic Cobalt (99.8%) |
Shanghai Huatong spot |
416,000-426,000 |
421,000 |
0 |
RMB/ton |
|
Cobalt (250kg/drum 99.95%) |
Domestic/Zambia |
412,000-419,000 |
416,500 |
-5,500 |
RMB/ton |
|
Cobalt powder (-200 mesh, domestic) |
Shanghai area |
560,000-580,000 |
502,500 |
0 |
RMB/ton |
|
Electrolytic cobalt |
Shanghai Gold Collection (Domestic Delivery) |
418,000-408,000 |
408,000 |
-7,000 |
RMB/ton |
Price trend:
On February 5th, the domestic price of metallic cobalt was quoted at 410,000-433,000 yuan/ton, with prices fluctuating downwards, indicating a declining trend in the cobalt market.
Market analysis
Ternary battery production, installation volume, and sales decreased both year-on-year and month-on-month, leading to a decline in cobalt market demand; the Democratic Republic of Congo's government export quota system, coupled with a 10% mining royalty fee, affected Luoyang Molybdenum's cobalt exports and the recovery of cobalt exports from the DRC. DRC cobalt had not yet arrived at ports, and cobalt miners were reserving their 2025 DRC cobalt export quotas. New cobalt production capacity in Indonesia, along with cobalt recycling, partially compensates for the shortage of cobalt raw materials, but the overall cobalt market supply shortage persisted; rising cobalt costs, stable cobalt salt prices, and stable lithium cobalt oxide prices still provided some positive support for the cobalt market; stable international cobalt prices still offered some positive factors for the domestic cobalt market, while negative factors were weakening; overall, the upward momentum in the cobalt market was weakening, but downward pressure remained.
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