Price trend
On March 31st, the domestic price of cobalt metal was 235,000-270,000 RMB/ton, which was temporarily stable, and the cobalt market fluctuated and sta
bilized.
Analysis review
The production and sales of ternary batteries have grown slowly, while the demand for cobalt in the market remained stable; The export of cobalt from the Democratic Republic of Congo was prohibited, leading to a decrease in the supply of cobalt raw materials and a tightening of the cobalt market supply; The supply of cobalt salts was tight, the price of cobalt salts was weak and stabilizing, and the price of lithium cobalt oxide was weak and stabilizing, which weakened the positive impact on the cobalt market; The international cobalt price was fluctuating and stabilizing, and there were still positive factors 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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