The highest transaction price of cobalt chloride reached 63,000 yuan/mt

Currently, cobalt chloride enterprises are offering quotes of 61,000-63,000 yuan/mt, with trading volume in the market increasing compared to before. 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 the market is actively inquiring, but remains cautious about buying and selling. In terms of prices, the current actual transaction price is around 6.2 yuan/mt, with a few transactions at 63,000 yuan/mt. It is expected that cobalt chloride prices will remain stable within the price range of 6.1-6.3 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