SunSirs: Summary of Domestic Cobalt Market Trends on December 19th
December 20 2024 14:14:10 SunSirs (John)
Price trend
On December 19th, the domestic price of cobalt metal was 161,000-191,000 RMB/ton, showing a weak consolidation trend.
Analysis review
The cobalt market was weak and declining, with slow growth in the production and sales of ternary batteries, and stable demand in the cobalt market; the supply of imported cobalt raw materials was stable and supply in the cobalt market was sufficient; The supply of cobalt salts has recovered, and the prices of cobalt salts have fluctuated and fallen. The prices of lithium cobalt oxide have also fluctuated and fallen, causing a volatile decline in the cobalt market; The international cobalt price has fluctuated and fallen, which still posed a negative impact on the domestic cobalt market; The overall cobalt market had weak upward momentum, and downward pressure still existed.
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