SunSirs: Summary of Domestic Cobalt Market Trends on February 14th
February 17 2025 13:47:29 SunSirs (John)
Price trend
On February 14th, the domestic price of cobalt metal was 149,000-176,000 RMB/ton, with a weak adjustment in the price, and the cobalt market fluctuated and consolidated.
Analysis review
The production and sales of ternary batteries have grown slowly, while the demand for cobalt in the market remained stable; the supply of imported cobalt raw materials was table and supply in the cobalt market was sufficient; The recovery of cobalt salt supply, the fluctuation and consolidation of cobalt salt prices, and the weak adjustment of lithium cobalt oxide prices have stabilized the cobalt market; The international cobalt price was fluctuating and stabilizing, which still posed a negative impact on the domestic cobalt market; The overall upward momentum of the cobalt market has weakened, and downward pressure still existed.
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