SunSirs: Summary of Domestic Cobalt Market Trends on December 18th
December 19 2024 11:04:25 SunSirs (John)
Price trend
On December 18th, the domestic price of cobalt metal was 161,000-191,000 RMB/ton, with a weak decline in price.
Analysis review
The cobalt market was experiencing a decline, with slow growth in the production and sales of ternary batteries, while the demand for cobalt remains stable; Stable supply of imported cobalt raw materials and sufficient supply in the cobalt market; The supply of cobalt salts has recovered, and the price of cobalt salts has fluctuated and stabilized. The price of lithium cobalt oxide has fluctuated and fallen, causing a volatile decline in the cobalt market; The international cobalt price has fluctuated and fallen, which has increased the negative impact on the domestic cobalt market; The overall cobalt market has weak upward momentum and increased downward pressure.
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