Home / Metal News / Some cobalt plants have once again suspended their quotations, and prices are expected to continue rising.

Some cobalt plants have once again suspended their quotations, and prices are expected to continue rising.

iconJul 10, 2025 17:33
Source:SMM
[Some cobalt oxide factories have once again suspended their quotations, and prices are expected to keep rising]

Currently, Co3O4 enterprises are offering quotes between 200,000-220,000 yuan/mt, with some enterprises beginning to suspend quoting. Both upstream and downstream players are adopting a wait-and-see attitude, resulting in fewer actual transactions, 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, leading them to adopt a wait-and-see approach. Regarding prices, Co3O4 plants in the current market indicate that their shipping expectations are between 210,000-230,000 yuan/mt, but actual transactions for high-priced Co3O4 remain few. In the long term, Co3O4 prices are still influenced by cobalt inventory, and whether the current industry inventory can sustain until December has become a key factor affecting price trends.

 

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn