This week, cobalt chloride prices dropped back slightly, while leading producers still refused to budge on prices.

This week, the spot price of cobalt chloride dropped back slightly. The structural differentiation in the supply landscape is evident: leading smelters have maintained stable quotes and are resolute in refusing to budge on prices; a small number of producers have engaged in transactions at lower prices, exerting some downward pressure on spot prices. On the demand side, downstream enterprises have relatively sufficient inventory levels, and market inquiry enthusiasm is low. Overall, they are maintaining a wait-and-see attitude. The widely held bullish expectations in the market remain highly convergent and stable. There has been a lot of market news recently, but the sources are unclear, which will cause some short-term impact on the market. However, it is expected that this will not change the overall price trend. The spot price of cobalt chloride will continue to exhibit a fluctuating trend at highs, with limited room for pullback. The structural differentiation in the supply landscape is evident: leading smelters have maintained stable quotes and are resolute in refusing to budge on prices; a small number of producers have engaged in transactions at lower prices, exerting some downward pressure on spot prices. On the demand side, downstream enterprises have relatively sufficient inventory levels, and market inquiry enthusiasm is low. Overall, they are maintaining a wait-and-see attitude. The widely held bullish expectations in the market remain highly convergent and stable. There has been a lot of market news recently, but the sources are unclear, which will cause some short-term impact on the market. However, it is expected that this will not change the overall price trend. The spot price of cobalt chloride will continue to exhibit a fluctuating trend at highs, with limited room for pullback.

SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lv Yanlin 021-20707875

Li Yueming 021-51666809

Zhou Zhicheng 021-51666711