SunSirs: Summary of Domestic Cobalt Market Trends on November 15th
November 18 2024 14:51:44 SunSirs (John)
Price trend
On November 15th, the domestic price of cobalt metal was 166,000-191,000 RMB/ton, the quotation fluctuating to stabilize.
Analysis review
The cobalt market was fluctuating and stabilizing, with a slow increase 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 had fluctuated and risen. The price of lithium cobalt oxide had stabilized, which had stabilized the cobalt market; The international cobalt price fluctuated and consolidated, weakening the bearish sentiment on the domestic cobalt market; The overall upward momentum of the cobalt market had weakened, and downward pressure still existed.
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