SunSirs: Summary of Domestic Cobalt Market Trends on November 20th
November 21 2024 11:08:29 SunSirs (John)
Price trend
On November 20th, the domestic price of cobalt metal was 166,000-191,000 RMB/ton, with fluctuating and consolidating prices.
Analysis review
The cobalt market was fluctuating and consolidating, with slow increases in the production and sales of ternary batteries, and stable growth in demand in the cobalt market; 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 consolidation of the cobalt market; The weak consolidation of international cobalt prices had increased the negative impact on the domestic cobalt market; The overall upward momentum of the cobalt market had weakened, and the downward pressure had increased.
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