SunSirs: Summary of Domestic Cobalt Market Trends on October 17th

https://www.chemnet.com   Oct 18,2024 SunSirs

Price trend

On October 17th, the domestic price of cobalt metal was 163,000-194,000 RMB/ton, and the price was temporarily stable, indicating a stable cobalt market situation.

Analysis review

The production and sales volume of ternary batteries have increased month on month; The slow growth of emerging markets such as digital wearables and the increasing demand for cobalt in the market; Stable import of cobalt raw materials and sufficient supply in the cobalt market; The supply of cobalt salts has recovered, and the price of cobalt salts has fluctuated and fallen. The price of lithium cobalt oxide has stabilized, which has stabilized the cobalt market; The international cobalt price fluctuated and consolidated, weakening the bearish sentiment on the domestic cobalt market; The overall upward momentum of the cobalt market still existed, and the downward pressure has weakened.

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