SunSirs: Summary of Domestic Cobalt Market trends on January 10th
January 11 2024 13:58:54 SunSirs (John)
Price trend
On January 10th, the domestic cobalt metal quotation was 207,000-240,000 RMB/ton, with a decrease in quotation.
Analysis review
The production and installation volume of ternary batteries had increased compared to the previous month, and the proportion of ternary battery installation in winter had increased; Emerging markets such as digital wearables had experienced poor growth, with increased sales of mobile phone products in the fourth quarter and increased demand in the cobalt market; The supply of cobalt salts was sufficient, the price of cobalt salts was temporarily stable, and the price of lithium cobalt oxide was stabilizing, which still had positive effects on the cobalt market and weakened the negative effects; The overall cobalt market's upward momentum had weakened, and downward pressure still existed.
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