SunSirs: The Summary of Domestic Cobalt Market on September 4th
September 05 2023 13:20:54 SunSirs (John)
Price trend
On September 4th, domestic cobalt metal prices rose, leading to an increase in the domestic cobalt market.
Analysis review
Global sales of new energy vehicles decreased month on month, the installed capacity of ternary batteries increased month on month, emerging markets such as digital wearables had grown, global sales of mobile phones and 3C electronic products had decreased, domestic sales of mobile phones slowed down, cobalt market demand was weak and adjusted, cobalt salt supply was sufficient, cobalt salt prices had fallen, lithium cobalt oxide prices had fallen, and there was still bearish sentiment for the cobalt market, which was weakened; In the global market, international cobalt prices had fluctuated and fallen, and the international cobalt market had declined. Overall, the upward momentum of the cobalt market had weakened, and downward pressure still existed.
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