Price trend

On August 26th, the domestic price of cobalt metal was 158,000-196,000 RMB/ton, but the price fell and the cobalt market fell.

Analysis review

The production and sales volume of ternary batteries increased on a month on month basis, and the proportion of ternary battery loading decreased; 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 had increased, and the supply in the cobalt market was sufficient; The supply of cobalt salt has recovered, and the price of cobalt salt has fluctuated and fallen. The price of lithium cobalt oxide has stabilized, which still posed a negative impact on the cobalt market; The international cobalt price was fluctuating and stabilizing, which was bearish for the domestic cobalt market; The overall upward momentum of the cobalt market has weakened, and downward pressure still existed.

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