Cobalt Chloride: Clear Bottom Support, Awaiting June Window

Published: May 28, 2026 18:02

Save

The cobalt chloride market atmosphere remained mediocre this week. Supply side, top-tier players continued their strategy of holding prices firm, refusing to ship at low prices, providing bottom support for prices; meanwhile, small and medium-sized producers, under pressure from capital recovery and performance targets, proactively lowered their quotes, yet transactions remained sluggish even after price cuts, driving the market negotiation center to continue shifting downward. Demand side, downstream enterprises were constrained by weak orders and high inventory levels, with purchase willingness remaining subdued. We believe current prices already have strong support, with limited room for further weakness, and maintain optimistic expectations for the market outlook. Cost side, prices are expected to recover and rebound going forward, but upside room is constrained, with the period roughly falling around June.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

TrendForce reported that global new energy vehicle sales declined 2% year-on-year in Q1.

According to the latest statistics from TrendForce, global sales of new energy vehicles — including battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hydrogen fuel cell vehicles — reached 3.94 million units in Q1 2026, a 2% year-over-year decline, accounting for 19% of global auto sales in the first quarter. China's new energy vehicle market entered an adjustment period; meanwhile, the Western European market showed signs of recovery, and BEV sales in Japan and South Korea also saw significant growth.

Common.Time.minsAgo

Dongyuxinsheng's 120Ah Ultra-Fast Charging Battery Begins Production, Nominated by Dongfeng's Sub-Brands Including Yipai

The launch event for Dongyu Xinsheng's 120Ah ultra-fast charging battery cell was held in Yichang. The 120Ah ultra-fast charging battery cell now entering mass production was jointly defined, co-developed, and jointly manufactured by Dongfeng Motor and Sunwoda. The product features 4C ultra-fast charging capability, enabling a 10%-80% charge in just 15 minutes. The production line has an automation rate of over 90% and is equipped with an AI-powered intelligent quality management system, with the battery cell's design service life exceeding 1 million kilometers.

Common.Time.minsAgo

European Auto Sales Grew for the Third Consecutive Month in April

Data released by the European Automobile Manufacturers' Association (ACEA) showed that European auto sales climbed for the third consecutive month in April, with new car registrations up 7% YoY to 1.15 million units. Sales grew in major markets including Germany and the UK, with EV deliveries surging 38%. Driven by new subsidy policies, EV sales in Germany, Europe's largest auto market, jumped 41%.

Common.Time.minsAgo