Cobalt chloride enterprises offered quotes of 61,000-63,000 yuan/mt, with a sluggish market.

Currently, cobalt chloride enterprises are offering prices at 61,000-63,000 yuan/mt. The market is sluggish, with only a small volume of transactions. 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 prices, but remain cautious about buying and selling. In terms of pricing, although upstream smelters are offering higher prices, the actual transaction price remains around 6.1 yuan/mt, with only a few transactions at 6.2 yuan/mt. It is expected that cobalt chloride prices will remain stable within the price range of 6.1-6.2 in the short term.

SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lv Yanlin 021-20707875

Zhou Zhicheng 021-51666711