Price trend

On October 31st, the domestic price of cobalt metal was 161,000-191,000 RMB/ton, with fluctuating and stabilizing prices, and the cobalt market was fluctuating and stabilizing.

Analysis review

The production and sales volume of ternary batteries were slowly increasing; Emerging markets such as digital wearables were growing slowly, while demand in the cobalt market remained stable; The import of cobalt raw materials was stable and supply in the cobalt market was sufficient; The recovery of cobalt salt supply had led to a volatile decline in cobalt salt prices and a decrease in lithium cobalt oxide prices, resulting in a weak decline in the cobalt market; The weak consolidation of international cobalt prices had weakened the negative impact on the domestic cobalt market; The overall upward momentum of the cobalt market had weakened, and downward pressure still existed.

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