SunSirs: Summary of Domestic Cobalt Market Trends on December 25th
December 26 2024 14:38:16 SunSirs (John)
Price trend
On December 25th, the domestic price of cobalt metal was 158,000-191,000 RMB/ton, and the price fell, causing a decline in the cobalt market.
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 recovery of cobalt salt supply has led to a fluctuating decline in cobalt salt prices and lithium cobalt oxide prices, 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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