SHANGHAI, May 20 (SMM) - According to SMM survey, the price of lithium cobalt oxide (LCO) has been slowly declining recently. In terms of raw materials, the price of tricobalt tetraoxide fell, while the price of lithium carbonate has stabilised. The market demand for lithium cobalt oxide is still weak. In May, lithium cobalt oxide enterprises reduced or stopped production, and lowered offers slightly. Export orders declined. Orders from digital sector fell sharply in May. It is expected that the price of lithium cobalt oxide will still have room for decline in the near future.