Price trend  

On October 8th, the domestic price of cobalt metal was 163,000-187,000 RMB/ton, with an increase in price.

Analysis review

The cobalt market had rebounded, with the production and sales of ternary batteries increasing on a month on month basis; The slow growth of emerging markets such as digital wearables and the increasing demand for cobalt in the market; 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 stabilization of lithium cobalt oxide prices had stabilized the cobalt market; The international cobalt price fluctuated and consolidated, weakening the bearish sentiment on the domestic cobalt market; Overall, the upward momentum of the cobalt market had increased, but downward pressure still existed.

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