SunSirs: Summary of Domestic Cobalt Market Trends on November 12th

https://www.chemnet.com   Nov 13,2024 SunSirs

Price trend

On November 12th, the domestic price of cobalt metal was 166,000-191,000 RMB/ton, with an increase in price and a rise in the cobalt market.

Analysis review

The production and sales volume of ternary batteries were slowly increasing; Emerging markets such as digital wearables were growing slowly, while demand in the cobalt market remained stable; Stable import of cobalt raw materials and sufficient supply in the cobalt market; The supply of cobalt salt had recovered, and the price of cobalt salt had fluctuated and risen. The price of lithium cobalt oxide had stabilized, which was a strong and stable trend for the cobalt market; The international cobalt price fluctuated and consolidated, weakening the bearish sentiment on the domestic cobalt market; The overall cobalt market had seen an increase in upward momentum and a decrease in downward pressure.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

 Print  |    add to Favorites  |    Close