The cobalt chloride market remained relatively active this week. The mainstream quotations from smelters were in the range of 102,000–110,000 yuan/mt, while actual transaction prices mostly concentrated between 102,000–105,000 yuan/mt. The price trend was generally stable, mainly because upstream suppliers and traders successively made shipments, slightly easing the previously tight market supply. At the same time, against the backdrop of stabilizing prices, downstream procurement pace slowed down, and wait-and-see sentiment gradually intensified. However, at the current price level slightly above 100,000 yuan/mt, downstream acceptance remained relatively high, reflecting certain fundamental support for the price.
SMM New Energy Research Team
Wang Cong 021-51666838
Ma Rui 021-51595780
Feng Disheng 021-51666714
Lü Yanlin 021-20707875
Zhou Zhicheng 021-51666711
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM’s internal database model, for reference only and do not constitute decision-making recommendations.
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