SunSirs: Summary of Domestic Cobalt Market Trends on September 26th

https://www.chemnet.com   Sep 27,2024 SunSirs

Price trend

On September 26th, the domestic price of cobalt metal was 160,000-183,000 yuan/ton, with an increase in price.

Analysis review

The cobalt market has rebounded, with the production and sales of ternary batteries increasing on a month on month basis; Emerging markets such as digital wearables were growing slowly, and demand growth in the cobalt market was limited; The import volume of cobalt raw materials has increased, and the supply in the cobalt market was sufficient; The recovery of cobalt salt supply and the fluctuation of cobalt salt prices have led to a weak adjustment in lithium cobalt oxide prices, which was bearish for the cobalt market; The strong adjustment of international cobalt prices still posed a negative impact on the domestic cobalt market; The overall cobalt market had increased its upward momentum, but downward pressure still existed.

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