SunSirs: Summary of Domestic Cobalt Market on September 6th
September 07 2023 10:33:20 SunSirs (John)
Price trend
On September 6th, the domestic cobalt metal quotation stabilized, the domestic cobalt market stabilized.
Analysis review
Global sales of new energy vehicles had decreased month on month, the installed capacity of ternary batteries had 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 had slowed down, and demand in the cobalt market had adjusted weakly.
The supply of cobalt salt was sufficient, and the price of cobalt salt was stabilizing. The price of lithium cobalt oxide was falling, the positive sentiment for the cobalt market had weakened, while the negative sentiment still existed.
In the global market, the international cobalt price had stabilized in shock, and the international cobalt market had stabilized. The overall upward momentum of the cobalt market had weakened, and downward pressure still existed.
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