SunSirs: Summary of Domestic Cobalt Market Trends on January 18th
January 19 2024 15:22:31 SunSirs (John)
Price trend
On January 18th, the domestic cobalt metal quotation was 205,000-241,000 RMB/ton, and the quotation was temporarily stable.
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 salt was sufficient, and the price of cobalt salt was weak and temporarily stable. The price of lithium cobalt oxide was stabilizing, which still had positive effects on the cobalt market and weakens the negative effects; Overall, the upward momentum of the cobalt market still existed, and the downward pressure had weakened.
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