SunSirs: Summary of Domestic Cobalt Market Trends on October 22nd
October 23 2024 15:49:37 SunSirs (John)
Price trend
On October 22nd, the domestic price of cobalt metal was 162,000-194,000 RMB/ton, with a weak and temporarily stable price.
Analysis review
The cobalt market was weak and consolidating, with a slow increase in the production and sales of ternary batteries; The slow growth of emerging markets such as digital wearables and the increasing demand for cobalt in the market; Stable import of cobalt raw materials and sufficient supply in the cobalt market; The supply of cobalt salts had recovered, and the price of cobalt salts had fluctuated and fallen. The price of lithium cobalt oxide had stabilized, which had stabilized the cobalt market; The international cobalt price fluctuated and consolidated, weakening the bearish sentiment on the domestic cobalt market; The overall upward momentum of the cobalt market had weakened, and downward pressure still existed.
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- 2025-06-05 SunSirs: On June 5, the Domestic Cobalt Market Fell Weakly
- 2025-05-29 SunSirs: On May 28, the Domestic Cobalt Market is Weakly Consolidated
- 2025-05-22 SunSirs: On May 21st, the Domestic Cobalt Market Fluctuated and Fell
- 2025-05-13 SunSirs: On May 12th, the Domestic Cobalt Market Experienced Strong Consolidation
- 2025-05-08 SunSirs: On May 7th, the Domestic Cobalt Market Fluctuated and Consolidated
