SunSirs: On March 26th, the Domestic Cobalt Market Fluctuated and Consolidated

Price trend

On March 26th, the domestic metal cobalt price was 225,000-275,000 RMB/ton, with a weak decline in price and a weak consolidation 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 tight supply of cobalt salts has led to a weak decline in cobalt salt prices, and the weak decline in lithium cobalt oxide prices has weakened the positive outlook for the cobalt market; The weak consolidation of international cobalt prices has weakened the bullish outlook for the domestic cobalt market; The overall upward momentum of the cobalt market has weakened, and downward pressure still existed.

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