Some cobalt chloride enterprises offered quotes of 63,000-65,000 yuan/mt

Currently, a few cobalt chloride enterprises are offering quotes at 63,000-65,000 yuan/mt, while some salt producers have chosen to suspend quoting and continue to monitor the market. On the supply side, smelters still have a strong wait-and-see sentiment, resulting in fewer market transactions. On the demand side, downstream enterprises have relatively sufficient inventory levels and are actively inquiring about the market, but remain cautious about buying and selling. In terms of pricing, although upstream smelters have started to offer quotes, these quotes only represent their expectations of the current market price. The specific price trend will depend on the actual transaction prices and inventory levels of upstream and downstream enterprises in the future.

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