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Cobalt Daily: Cobalt chloride market prices trend upward, yet transactions remain sluggish

Source: Mysteel Mar 09, 2026 09:29
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Cobalt Demand Price Supply
On March 6, the price of electrolytic cobalt declined Yuan 2,461/tonne to Yuan 428,095-429,091/tonne from the previous trading day. In addition, the price of cobalt sulfate remained stable at Yuan 95,000/t-98,000/t, while that of cobalt chloride moved up Yuan 1,000/tonne to Yuan 115,000-120,000 /t.As for the cobalt sulfate market, downstream NCM precursor industry has been in the traditional off season, only maintaining purchases on rigid demand. In addition, some manufacturers chose to suspend making quotations, some maintained pre-holiday price levels. And a small number of manufacturers were offering prices at Yuan 95,000/tonne.

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