SunSirs:Domestic Cobalt Market Consolidated on April 9
April 10 2026 14:20:41 SunSirs (John)
|
Variety/Specification |
Quote market/region |
Quote: |
average price |
Rise and fall |
unit |
|
1# Cobalt |
Guangdong Nanchu spot |
401,000-421,000 |
411,000 |
0 |
RMB/ton |
|
1# Cobalt |
Shanghai Metal Network |
408,000-417,000 |
412,500 |
0 |
RMB/ton |
|
Electrolytic Cobalt (99.8%) |
Shanghai Huatong spot |
410,000-420,000 |
415,000 |
0 |
RMB/ton |
|
Cobalt (250kg/drum 99.95%) |
Domestic/Zambia |
410,000-416,000 |
413,000 |
2,000 |
RMB/ton |
|
Cobalt powder (-200 mesh, domestic) |
Shanghai area |
560,000-580,000 |
570,000 |
0 |
RMB/ton |
|
Electrolytic cobalt |
Shanghai Gold Collection (Domestic Delivery) |
408,000-410000 |
410,000 |
2,000 |
RMB/ton |
Price trend
On April 9, domestic quotes for metallic cobalt ranged from 401,000 to 421,000 RMB/ton; prices fluctuated within a narrow range, reflecting a consolidating market trend.
Market Analysis
Production volume, vehicle installation volume, and sales of ternary batteries all recorded increases on both year-on-year and month-on-month bases, yet demand in the cobalt market remains moderate. The Democratic Republic of the Congo (DRC) has issued new regulations governing cobalt export quotas; while a concentrated volume of cobalt shipments was anticipated for April, the new quota system has imposed multiple operational and logistical constraints. Consequently, the approval process for DRC cobalt exports has been sluggish, causing significant delays in the execution of allocated quotas for most enterprises. Furthermore, the addition of new production capacity for cobalt products—including recycled cobalt—in Indonesia has helped to offset a portion of the existing supply shortage for raw cobalt materials, resulting in a short-term increase in overall cobalt market supply. Cobalt salt prices are currently consolidating, while prices for lithium cobalt oxide have stabilized; these trends have diminished the bullish momentum supporting the cobalt market. International cobalt prices are exhibiting a weak yet stabilizing trend; for the domestic cobalt market, bullish factors persist—albeit with reduced intensity—while bearish pressures are subsiding. Overall, the upward momentum in the cobalt market is waning, while downward pressure remains present.
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