SunSirs--China Commodity Data Group

Language

日本語

한국어

русский

deutsch

français

español

Português

عربي

türk

中文

Sign In

Join Now

Contact Us

Home > Cobalt News > News Detail
Cobalt News
SunSirs: Summary of Domestic Cobalt Market Trends on September 20th
September 23 2024 10:56:42SunSirs(John)

Price trend                               

On September 20th, the domestic price of cobalt metal was 158,000-183,000 RMB/ton, showing a weak trend towards stability.

Analysis review

The cobalt market was weak and consolidating, 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 had led to a fluctuating decline in cobalt salt prices, while the price of lithium cobalt oxide had stabilized, which was bearish for the cobalt market; The weak adjustment of international cobalt prices still had a negative impact on the domestic cobalt market; The overall cobalt market had weak upward momentum and downward pressure still existed.

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

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products