Price trend

On April 23rd, the domestic metal cobalt quotation was 223,000-262,000 RMB/ton, and the quotation stabilized, indicating a stable cobalt market situation.

Analysis review

The production and sales volume of ternary batteries have increased, and the demand for cobalt in the market has grown; The export of cobalt from the Democratic Republic of Congo has been banned, leading to a decrease in the supply of cobalt raw materials. The export of intermediate cobalt products from Indonesia has increased, making up for the shortage of cobalt raw material supply and tightening the supply in the cobalt market; The supply of cobalt salts was sufficient, the price of cobalt salts was weak and stabilizing, and the price of lithium cobalt oxide was stabilizing, which still had positive effects on the cobalt market; The international cobalt price was fluctuating and stabilizing, which weakened the bullish trend for the domestic cobalt market; The overall upward momentum of the cobalt market still existed, and the downward pressure has weakened.

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