[SMM Analysis] Cobalt Chloride Prices Remained in a Stalemate, with Transactions Centered on Rigid Demand

Published: Mar 19, 2026 17:57

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This week, the cobalt chloride market atmosphere saw no significant change WoW, and the price stalemate continued. Top-tier enterprises remained firm in holding prices, with mainstream quotations still staying above 117,000 yuan/mt, and some offers probing 120,000 yuan/mt. However, downstream procurement sentiment remained cautious, with no signs of improvement. Constrained by weak end-use demand and relatively ample raw material inventory at material plants, market inquiry activity declined, and actual transactions were mainly scattered restocking, with the transaction center holding at 115,000 yuan/mt. Although some small traders occasionally made low-price shipments, this was difficult to materially impact the broader market. Overall, market gaming sentiment persisted, and prices were expected to remain largely stable in the short term, lacking drivers to break the stalemate.

SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lv 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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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