SunSirs: Summary of Domestic Cobalt Market Trends on November 26th
November 27 2024 10:42:02 SunSirs (John)
Price trend
On November 26th, the domestic price of cobalt metal was 168,000-191,000 RMB/ton, fluctuating and consolidating.
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 fluctuating decline in cobalt salt prices, while the price of lithium cobalt oxide had stabilized, resulting in a consolidation of 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 has weakened, and downward pressure still existed.
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