SunSirs: On April 18th, the Domestic Cobalt Market Experienced Strong Consolidation

Price trend

On April 18th, the domestic metal cobalt quotation was 223,000-262,000 RMB/ton, and the quotation stabilized, indicating a stable cobalt market situation

Analysis review

The production and sales volume of ternary batteries have increased, and the demand for cobalt in the market has grown; The export of cobalt from the Democratic Republic of Congo was prohibited, and the import source of cobalt raw materials was temporarily stable at a low level, resulting in a tight supply in the cobalt market; The supply of cobalt salts was tight, the price of cobalt salts was stabilizing, and the price of lithium cobalt oxide was stabilizing, which still had positive effects on the cobalt market; The international cobalt price was fluctuating and stabilizing, and there were still positive factors for the domestic cobalt market; The overall upward momentum of the cobalt market still existed, and the downward pressure has weakened.

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