SMM April 23 Cobalt oxide spot Express: downstream orders down Cobalt oxide is tough

Published: Apr 23, 2020 14:49

Save

[SMM April 23 Cobalt oxide spot Express] Today SMM Cobalt oxide quoted 17-175000 yuan / ton. Orders from lithium cobalt battery plants and materials factories fell to varying degrees in May, demand for cobalt oxide weakened, and manufacturers struggled to make prices. The market is concerned about whether South Africa will continue to "seal off the country" next week, judging the impact of the raw material end on the future, to carry out the May production scheduling plan. According to feedback from a cobalt tetroxide manufacturer, if the raw material end continues to delay, May may be adjusted to reduce the operating rate to balance the raw material consumption in June. SMM will continue to pay attention to raw materials and spot market transactions.

SMM4 23: today SMM cobalt oxide quotation 17-175000 yuan / ton. Orders from lithium cobalt battery plants and materials factories fell to varying degrees in May, demand for cobalt oxide weakened, and manufacturers struggled to make prices. The market is concerned about whether South Africa will continue to "seal off the country" next week, judging the impact of the raw material end on the future, to carry out the May production scheduling plan. According to feedback from a cobalt tetroxide manufacturer, if the raw material end continues to delay, May may be adjusted to reduce the operating rate to balance the raw material consumption in June. SMM will continue to pay attention to raw materials and spot market transactions.

Price forecast quotation operating rate

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Mar 21, 2026 23:28

[SMM Analysis] The arrival volume of spodumene in January 2026 reached a record high then declined in February.

Mar 21, 2026 23:28

Mar 20, 2026 19:18

Guangdong's First Standalone ESS Project Linked to Offshore Wind Grid

On March 14, the Zhanjiang Xuwen 200 MW/400 MWh standalone shared ESS power station project, built by Energy China Guangdong Electric Power Design Institute under the integrated “research-industry-investment-construction-operation” model, was successfully connected to the grid, becoming Guangdong Province’s first standalone energy storage project connected to a large-scale offshore wind power grid connection point. The project adopts advanced grid-forming technology and a fully liquid-cooled cascaded LFP ESS, featuring millisecond-level rapid response, high safety, and a cycle life of more than 6,000 cycles, effectively enhancing the power grid’s capacity to accommodate and regulate fluctuating new energy sources such as offshore wind power. The project can simultaneously serve new energy consumption, power grid peak shaving and frequency regulation, and emergency power supply support, becoming a key carrier for the local development pattern of “wind and solar power + energy storage support + zero-carbon port industries.”

Mar 20, 2026 19:18

Mar 20, 2026 17:41

XPeng Motors Reports Q4 2025 Revenue Growth, Forecasts Q1 Delivery Decline

XPeng Motors' Q4 2025 revenue was 22.25 billion yuan, up 38.2% YoY; Q4 non-GAAP net profit was approximately 510 million yuan. XPeng Motors expected Q1 vehicle deliveries to decline 29.8%-35.1% YoY, to between 61,000 and 66,000 units.

Mar 20, 2026 17:41