On June 22, 2026, the average transaction price of 1# cobalt in the Yangtze River spot market reached 384,000 yuan per ton, down 2,000 yuan per ton from the previous trading day, continuing the downward trend in a volatile manner since June. In the first quarter of this year, supported by the tightening of overseas raw material quotas, the cobalt price has long remained above 400,000 yuan per ton. However, it has been continuously declining since June, resulting in a differentiated market situation where the overseas cobalt price remains high and firm while the domestic spot price continues to weaken.
On June 22, 2026, the average transaction price of 1# cobalt in the Yangtze River spot market reached 384,000 yuan per ton, down 2,000 yuan per ton from the previous trading day, continuing the downward trend in a volatile manner since June. In the first quarter of this year, supported by the tightening of overseas raw material quotas, the cobalt price has long remained above 400,000 yuan per ton. However, it has been continuously declining since June, resulting in a differentiated market situation where the overseas cobalt price remains high and firm while the domestic spot price continues to weaken.