Price trend  

On September 23rd, the domestic price of cobalt metal was 158,000-183,000 RMB/ton, with weak prices stabilizing and the cobalt market consolidating weakly.

Analysis review

The production and sales volume of ternary batteries have increased month on month, while the proportion of ternary battery installations has 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 has increased, and the supply in the cobalt market was sufficient; The recovery of cobalt salt supply and the fluctuation of cobalt salt prices have led to a weak adjustment in lithium cobalt oxide prices, 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 has weak upward momentum and downward pressure still existed.

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