Price trend
On February 7th, the domestic price of cobalt metal ranged from 150,000 to 176,000 RMB/ton, but the price fell and the cobalt market was weakly consolidating.
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, weak consolidation of cobalt salt prices, and fluctuating consolidation of lithium cobalt oxide prices have stabilized the cobalt market; The international cobalt price was fluctuating and stabilizing, which still posed a negative impact on the domestic cobalt market; The overall upward momentum of the cobalt market has weakened, and downward pressure still existed.
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