[SMM Analysis: Co3O4 Prices Remain Stable This Week]
This week, Co3O4 prices remained stable.
Supply side, smelters maintained a high operating rate due to order deliveries. Demand side, downstream producers had mostly completed restocking earlier, leading to weakened purchase willingness this week and a decline in demand.
Overall, market activity was relatively low, and prices temporarily remained stable. It is expected that next week, as Chinese New Year approaches, market fluctuations may be relatively small, and prices are likely to remain stable.
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