Co3O4 producers offered a price of 200,000-220,000 yuan/mt

Currently, Co3O4 enterprises are offering quotes between 200,000-220,000 yuan/mt. Both upstream and downstream players are adopting a wait-and-see attitude, with few actual transactions taking place, mostly for long-term contract deliveries. In terms of supply, Co3O4 plants are choosing to observe the overall market sentiment and demand situation, with only a small amount of shipments. On the demand side, LCO cathode plants have relatively low inventory, but the overall market has been significantly influenced by sentiment recently, so they are also choosing to wait and see. In terms of pricing, Co3O4 plants in the current market indicate that their shipment expectations are between 210,000-220,000 yuan/mt, but actual transactions for high-priced Co3O4 are still few. In the long run, Co3O4 prices are still influenced by cobalt inventory. Whether the current industry inventory can sustain until December has become a key factor affecting price trends.