SunSirs: Summary of Domestic Cobalt Market Trends on December 23rd
December 24 2024 10:28:06 SunSirs (John)
Price trend
On December 23rd, the domestic metal cobalt quotation was 161,000-191,000 RMB/ton, and the quotation stabilized, indicating a stable cobalt market situation.
Analysis review
The production and sales of ternary batteries have 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 salts has recovered, and the price of cobalt salts has fluctuated and stabilized. The price of lithium cobalt oxide has also fluctuated and stabilized, which had a stabilizing effect on the cobalt market; The international cobalt price was fluctuating and stabilizing, 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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