[SMM Analysis] At the beginning of this week, cobalt chloride prices remained stable

At the beginning of this week, cobalt chloride prices remained stable. Supply side, due to increasingly tight raw material inventory, most producers refused to sell at low prices, causing quoted prices to continue to fluctuate at highs. Demand side, despite the overall low market activity, some producers still maintained a certain level of procurement demand for cobalt chloride to ensure stable operation of their production lines, enabling transaction prices to remain stable at highs. It is expected that this week, even with low market activity, suppliers' reluctance to sell will remain strong, causing cobalt chloride prices to continue fluctuating at highs, with some room for increase.