SunSirs: Summary of Domestic Cobalt Market Trends on November 13th
November 14 2024 15:31:38 SunSirs (John)
Price trend
On November 13th, the domestic price of cobalt metal was 166,000-191,000 RMB/ton, with fluctuating and rising prices.
Analysis review
The cobalt market was fluctuating and rising, with slow increases in the production and sales of ternary batteries; 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 supply of cobalt salts had recovered, and the price of cobalt salts hasd fluctuated and risen. The price of lithium cobalt oxide had stabilized, which led to a strong consolidation of the cobalt market; The international cobalt price fluctuated and consolidated, weakening the bearish sentiment on the domestic cobalt market; The overall cobalt market had increased its upward momentum, but downward pressure still existed.
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