SMM5 March 21: the current mainstream market price is 19.2-196000 yuan / ton, the average price is the same as the day before. The quotation of lithium cobalt is chaotic this week, 18.5-220000 yuan / ton quotations all exist, the price game is mainly in the lower reaches of this week, it is expected that the purchase price of lithium cobalt will be determined gradually in June next week, and the newly signed orders of lithium cobalt are sporadic today.
Downstream lithium cobalt battery manufacturers reported poor demand for May-June, but due to their own cobalt raw materials are sufficient, the market is not optimistic about the recent price increase of cobalt salt and cobalt tetroxide. Some small manufacturers of lithium cobalt batteries are worried about the increase in the price of cobalt raw materials upstream, and their inquiries for lithium cobalt have increased recently. The quotation of cobalt tetroxide upstream of lithium cobalt is rising, the price of battery-grade lithium carbonate is slightly reduced, the overall cost of lithium cobalt is rising, and it is planned to raise the price, but the downstream demand is poor, and it is difficult for the price of lithium cobalt to rise.