China Cobalt Market Price Weekly 0324

Last week, the electrolytic cobalt market experienced a significant decline. Moreover, the market supply was tight, and the enthusiasm for inquiries weakened. Meanwhile, most traders were selling early inventories at low prices, thus the transaction prices shifted downward. It's likely that the prices of electrolytic cobalt remained in a volatile pattern in the short term. On one hand, the anticipation of supply tightness due to the export quota system for cobalt mines in the Democratic Republic of Congo persists, coupled with the rise in international cobalt prices providing support to the domestic market. On the other hand, the domestic inventory of electrolytic cobalt is high, leading to a lower transaction prices.

Cobalt weekly market tracking

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