SunSirs: Summary of Domestic Cobalt Market Trends on December 2nd
December 03 2024 15:16:07 SunSirs (John)
Price trend
On December 2nd, the domestic price of cobalt metal was 165,000-191,000 RMB/ton, showing a weak consolidation trend.
Analysis review
The cobalt market was fluctuating and consolidating, with slow growth in the production and sales of ternary batteries, and stable demand in the cobalt market; Stable supply of imported cobalt raw materials and sufficient supply in the cobalt market; The supply of cobalt salts had recovered, and the prices of cobalt salts had fluctuated and fallen. The price of lithium cobalt oxide had also fluctuated and fallen, which had led to a weak decline in the cobalt market; The international cobalt price was fluctuating and consolidating, which still posed a negative impact on the domestic cobalt market; The overall upward momentum of the cobalt market had weakened, and downward pressure still existed.
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