SunSirs: Summary of Domestic Cobalt Market Trends on December 20th
December 23 2024 15:24:03 SunSirs (John)
Price trend
On December 20th, the domestic metal cobalt price was 161,000-191,000 RMB/ton, with weak consolidation and a weak decline in the cobalt market.
Analysis review
The production and sales of ternary batteries had grown slowly, while the demand for cobalt in the market remained stable; The supply of imported cobalt raw materials was stable and supply in the cobalt market was sufficient; The supply of cobalt salt had recovered, and the price of cobalt salt had fluctuated and fallen. The price of lithium cobalt oxide had fluctuated and stabilized, causing a volatile decline in the cobalt market; The international cobalt price had fluctuated and fallen, which still posed a negative impact on the domestic cobalt market; The overall cobalt market had weak upward momentum, and downward pressure still existed.
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