There was no quote for LCO this week

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Recently, LCO enterprises have still not provided quotes. The adjustment of LCO prices is mainly driven by changes in the cost of raw materials: recently, the price of battery-grade lithium carbonate has continued to decline, while the price of Co3O4 has been influenced by DRC policies, resulting in a strong sentiment for price increases. On the supply side, Co3O4 enterprises have chosen to suspend quoting and shipping, and LCO cathode plants still need to wait for clarity in upstream prices before determining subsequent prices and shipping situations. On the demand side, terminal battery cell manufacturers still have sufficient inventory at present, but their acceptance of prices needs to consider whether the raw material prices can be passed on to the terminal. Overall, LCO prices are expected to experience a significant increase in the short term, with the specific magnitude depending on the transaction situation of Co3O4.

SMM New Energy Research Team

Wang Cong 021-51666838

Yu Xiaodan 021-20707870

Ma Rui 021-51595780

Xu Ying 021-51666707

Feng Disheng 021-51666714

Liu Yujun 021-20707895

Lv Yanlin 021-20707875

Zhou Zhicheng 021-51666711

Zhang Haohan 021-51666752

Wang Zihan 021-51666914

Ren Xiaoxuan 021-20707866

Liang Yushuo 021-20707892

Wang Jie 021-51595902

Xu Yang 021-51666760

Yang Lianting 021-51595835

Wang Zhaoyu 021-51666827