SunSirs: The Domestic Cobalt Market Rises on October 14
October 14 2025 15:29:42 SunSirs (John)
|
Variety/Specification |
Quote market/region |
Quote |
Average |
Change |
unit |
|
1# Cobalt |
Guangdong South Storage Spot |
356,000-376,000 |
366,000 |
18,000 |
RMB/ton |
|
1# Cobalt |
Shanghai Metal Network |
371,000-380,000 |
375,500 |
20,500 |
RMB/ton |
|
Electrolytic Cobalt (99.8%) |
Shanghai Huatong spot |
366,000-376,000 |
371,000 |
11,500 |
RMB/ton |
|
Cobalt (250kg/barrel 99.95%) |
Domestic/Zambia |
369,000-377,000 |
373,000 |
17,500 |
RMB/ton |
|
Cobalt powder (-200 mesh, domestic) |
Shanghai |
390,000-420,000 |
405,000 |
20,000 |
RMB/ton |
|
Electrolytic cobalt |
Shanghai Jinzang (Domestic Delivery) |
358,000-376,000 |
376,000 |
18,000 |
RMB/ton |
Price trend
On October 14, the domestic price of cobalt metal was quoted at 356,000-380,000 RMB/ton, with a sharp increase in the price and the cobalt market rose sharply.
Analysis review
The output and installed capacity of ternary batteries have grown slowly, and the demand in the cobalt market has grown slowly. The United States has strategically reserved cobalt alloys, and the demand in the international cobalt market has increased. The ban on Congolese cobalt exports has continued. In October, the Congolese government introduced an export quota system, and the supply of Congolese cobalt raw materials has decreased. There will be a serious shortage of cobalt supply in the future. The export of Indonesian cobalt products has increased, making up for part of the shortage of cobalt raw materials. The overall supply of the cobalt market is in short supply. The supply of cobalt salts has decreased, the price of cobalt salts has increased, and the price of lithium cobaltate has increased significantly, which has increased the positive impact on the cobalt market. The international cobalt price has fluctuated upward, which has increased the positive impact on the domestic cobalt market and reduced the negative impact. The overall upward momentum of the cobalt market has increased, and the downward pressure has decreased.
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- 2025-09-18 SunSirs: The Domestic Cobalt Market Was Consolidated on September 17
- 2025-09-11 SunSirs: The United States Strategic Reserved Cobalt Alloy, Cobalt Prices Ushered in a Continuous Rise
