The Co3O4 market is sluggish, with prices holding steady

Currently, the quotes from Co3O4 enterprises range from 200,000 to 210,000 yuan/mt, with market transactions declining compared to before. On the supply side, some enterprises have begun to suspend quoting and are focusing on long-term contracts. On the demand side, end-use demand is relatively weak, with LCO cathode plants reducing their procurement needs. Buying sentiment is low, and the proportion of customer-supplied materials has increased. In terms of prices, the current actual transaction prices range from 205,000 to 210,000 yuan/mt. It is expected that the price of Co3O4 will continue to rise in the future.