SunSirs: Summary of Domestic Cobalt Market Trends on December 24th
December 25 2024 10:55:15 SunSirs (John)
Price trend
On December 24th, 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 salt has been restored, and the price of cobalt salt has fluctuated and fallen. The price of lithium cobalt oxide has fluctuated and rebounded, stabilizing 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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