【SMM Analysis】This week, the market price of Co3O4 showed a relatively stable trend.

This week, the market price of Co3O4 showed a relatively stable trend. After the price fluctuations in the previous period, market sentiment gradually returned from excitement to rationality, and trading activities also stabilized. Supply side, most smelters maintained their previous quotations this week without making significant price adjustments. Demand side, the market showed some signs of weakness. As many producers had already completed necessary purchases in the earlier period, the number of new orders this week was relatively limited. This led to a decline in market acceptance of high-priced Co3O4, and trading activity also weakened accordingly. It is expected that the market will continue to maintain a slow trend next week, and Co3O4 prices may face downward pressure.