SunSirs: Summary of Domestic Cobalt Market Trends on February 5th
February 05 2025 16:08:23 SunSirs (John)
Price trend
On February 5th, the domestic price of cobalt metal ranges from 150,000 to 178,000 RMB/ton, and the price is stabilizing, indicating a stable cobalt market trend.
Analysis review
The production and sales of ternary batteries have grown slowly, while the demand for cobalt in the market remains stable; the supply of imported cobalt raw materials is stable and supply in the cobalt market is sufficient; The recovery of cobalt salt supply, weak consolidation of cobalt salt prices, and fluctuating consolidation of lithium cobalt oxide prices have stabilized the cobalt market; The international cobalt price is fluctuating and stabilizing, which still poses a negative impact on the domestic cobalt market; The overall upward momentum of the cobalt market has weakened, and downward pressure still exists.
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