SunSirs: Summary of Domestic Cobalt Market Trends on February 19th
February 20 2024 14:52:23 SunSirs (John)
Price trend
On February 19th, the domestic cobalt metal quotation was 200,000-241,000 RMB/ton, with a weak adjustment in the quotation.
Analysis review
In the off-season of the market, the production and sales of ternary batteries had declined, and the proportion of ternary batteries installed in winter had temporarily stabilized; Emerging markets such as digital wearables had experienced poor growth, with sales of mobile phone products increasing in the fourth quarter. During the Spring Festival, downstream parking had increased, leading to a weakening of demand in the cobalt market; The upstream annual leave had ended, cobalt salt supply had resumed, cobalt salt prices had temporarily stabilized, lithium cobalt oxide prices had stabilized, and the positive impact on the cobalt market had weakened, while the negative outlook still existed; The overall upward momentum of the cobalt market had weakened, and downward pressure still existed.
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- 2024-04-16 SunSirs: The Proportion of Installed Ternary Batteries Had Decreased, and Cobalt Prices Fell Again This Week
- 2024-04-10 SunSirs: Supported by the Positive News in the New Energy Vehicle Market, Cobalt Prices Stopped Falling and Stabilized This Week
- 2024-02-28 SunSirs: Supply Reduced and Demand Increased, Cobalt Prices Stopped Falling and Rebounded in February
- 2024-02-21 SunSirs: The Resumption of Work and Production Was not Satisfactory, and Cobalt Prices Fluctuated and Fell after the Holiday
- 2024-01-29 SunSirs: Cobalt Prices Had Fluctuated and Weakened Slightly This Week
