Cobalt chloride spot price remains firm [[SMM Weekly Review of Cobalt Chloride Market]]

This week, cobalt chloride prices remained firm. In terms of supply, due to the ongoing shortage of raw materials, smelters had a strong willingness to support prices, and their reluctance to sell became increasingly evident, with almost no instances of selling at low prices. From the perspective of demand, downstream enterprises had certain rigid procurement needs. Influenced by expectations of price increases, there was an increase in inquiries, and a small number of high-price transactions occurred. It is expected that next week, with the continuous depletion of market inventory, the spot price of cobalt chloride will remain high and may rise further.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Yanlin Lv 021-20707875

Yueming Li 021-51666809

Zhicheng Zhou 021-51666711