Price trend                               

On September 2nd, the domestic price of cobalt metal ranged from 158,000 to 190,000 RMB/ton, showing a weak consolidation trend.

Analysis review                      

The cobalt market was weak and stabilizing, with a month on month increase in the production and sales of ternary batteries, and a decrease in the proportion of ternary battery installations; 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 recovery of cobalt salt supply, the fluctuation and stabilization of cobalt salt prices, and the weak stabilization of lithium cobalt oxide prices were bearish on the cobalt market; The weak and stable international cobalt prices were bearish on the domestic cobalt market; The overall upward momentum of the cobalt market had weakened, and downward pressure still existed.

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