SunSirs: Summary of Domestic Cobalt Market Trends on January 5th
November 06 2024 14:18:14 SunSirs (John)
Price trend
On November 5th, the domestic price of cobalt metal was 161,000-191,000 RMB/ton, with fluctuating and stabilizing prices, and the cobalt market fluctuated and stabilized.
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; Stable import of cobalt raw materials and sufficient supply in the cobalt market; The recovery of cobalt salt supply 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 still poses a negative impact on the domestic cobalt market; The overall upward momentum of the cobalt market still existed, and the downward pressure had weakened.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-12-23 SunSirs: Summary of Domestic Cobalt Market Trends on December 20th
- 2024-12-20 SunSirs: Summary of Domestic Cobalt Market Trends on December 19th
- 2024-12-19 SunSirs: Summary of Domestic Cobalt Market Trends on December 18th
- 2024-12-17 SunSirs: Summary of Domestic Cobalt Market Trends on December 16th
- 2024-12-16 SunSirs: Summary of Domestic Cobalt Market Trends on December 13th
