SunSirs: Summary of Domestic Cobalt Market Trends on December 27th
December 30 2024 14:18:38 SunSirs (John)
Price trend
On December 27th, the domestic price of cobalt metal was 156,000-186,000 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 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, which has stabilized the cobalt market; The international cobalt price is fluctuating and stabilizing, which still posed a negative impact on the domestic cobalt market; The overall cobalt market has weak upward momentum and significant downward pressure.
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