【SMM Analysis】The cobalt chloride market remained stable this week.

This week, the cobalt chloride market remained stable, with no significant price fluctuations. Supply side, smelters faced tight raw material inventory, maintaining firm pricing for cobalt chloride, with most manufacturers refusing to sell at low prices, thus keeping market quotations at a high level. Demand side, although overall market activity was not high, some manufacturers still maintained a certain level of procurement demand for cobalt chloride to ensure the stable operation of production lines. This rigid demand supported market prices, allowing transaction prices to remain stable at high levels. It is expected that next week, cobalt chloride prices will continue to stay high, with suppliers showing strong reluctance to sell.