【SMM Analysis】Co3O4 Prices Remained Stable This Week

【SMM Analysis: Co3O4 Prices Remained Stable This Week】This week, Co3O4 prices remained stable. Supply side, most smelters' quotations stayed steady, and the market gradually returned to rationality. Demand side, as most producers had completed previous purchases, new orders were limited this week. Market acceptance of high prices decreased, trading activity weakened, and the market entered a buffer period. In the short term, Co3O4 prices are expected to remain at a relatively high level. However, due to the low purchase willingness of downstream LCO producers, prices are expected to experience a slight decline next week.