SunSirs: On March 20th, the Domestic Cobalt Market Experienced a Weak decline

Price trend

On March 20th, the domestic price of cobalt metal was 220,000-260,000 RMB/ton, with a weak decline in price and a weak decline in the cobalt market.

Analysis review

The production and sales of ternary batteries have grown slowly, while the demand for cobalt in the market remained stable; The export of cobalt from the Democratic Republic of Congo was prohibited, leading to a decrease in the supply of cobalt raw materials and a tightening of the cobalt market supply; The supply of cobalt salt was tight, the price of cobalt salt was falling, and the price of lithium cobalt oxide was consolidating strongly, which still had positive effects on the cobalt market; The international cobalt price was stabilizing strongly, and there were still positive factors for the domestic cobalt market; The overall upward momentum of the cobalt market still existd, and the downward pressure has weakened.

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