Cobalt Tetroxide Prices Drop This Week Amid Stable Supply and Weakened Demand

Publié: Jun 14, 2024 12:33

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[SMM Weekly Review: Cobalt Tetroxide Prices Fell This Week] Cobalt Tetroxide prices fell this week. From the supply side, production remained stable, and market supply was adequate. From the downstream demand side, the demand for lithium cobaltate smelters was relatively concentrated and there was a certain amount of raw material inventory in the early stage, so the available demand within the week weakened. From the perspective of the market situation, due to the high concentration of downstream industries, some cobalt tetroxide enterprises adopted a low-price strategy to compete for orders, leading to a decline in spot prices.

Déclaration sur la source des données : À l'exception des informations publiques, toutes les autres données sont traitées par SMM sur la base d'informations publiques, d'échanges avec le marché et en s'appuyant sur le modèle de base de données interne de SMM. Ils sont fournis à titre indicatif uniquement et ne constituent pas des recommandations décisionnelles.

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