The cobalt chloride market continued the sluggish pattern seen last week. Mainstream quotations from smelters and recycling enterprises remained above 115,000 yuan per mt, but some companies, in an effort to accelerate capital recovery before the Chinese New Year, showed a willingness to sell slightly below mainstream price levels. Although terminal battery cell manufacturers had rush-to-complete demand driven by changes in export policies, most enterprises had sufficient stockpiling from earlier periods, and with cobalt chloride prices remaining high, actual market restocking willingness was generally weak. As logistics transportation nears suspension, the market is expected to continue its overall pattern of nominal prices without actual transactions before the holiday.
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
