SunSirs: Summary of Domestic Cobalt Market Trends on November 28th
November 29 2024 10:48:34 SunSirs (John)
Price trend
On November 28th, 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 growth in the production and sales of ternary batteries, while the demand for cobalt in the market was steadily increasing; Stable import of cobalt raw materials and sufficient supply in the cobalt market; The supply of cobalt salts has recovered, and the prices of cobalt salts have fluctuated and fallen. The price of lithium cobalt oxide has also fluctuated and fallen, which has led to a weak decline in 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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