[SMM Analysis] Cobalt chloride prices rose slightly this week

This week, cobalt chloride prices showed a slight upward trend. Supply side, due to increasingly tight raw material inventory, most producers refused to sell at low prices, and their quotes remained high. Demand side, despite the overall lack of market activity, some producers still maintained a certain level of procurement demand for cobalt chloride to ensure the stable operation of their production lines, which kept transaction prices stable at high levels. It is expected that after the holiday, suppliers' reluctance to sell will remain strong, and cobalt chloride prices are expected to continue fluctuating at highs, and may even rise further.