Against the backdrop of the DRC's export ban causing drastic price fluctuations in cobalt products and price divergences between upstream and downstream sectors, the industry urgently needs a barometer capable of accurately capturing real-time trading dynamics. After extensive accumulation by the SMM new energy team, the SMM New Energy Cobalt Database launched the "Cobalt Sulphate Transaction Sentiment Factor,"released punctually at 11:00 every trading day, providing quantifiable, traceable, and early-warning sentiment references for industry chain enterprises.
I. Data Highlights
1. Three-Dimensional Factors, Comprehensive Portrayal
- Overall Sentiment Factor: Reflects the overall market heat of the day.
- Upstream Willingness-to-Sell Factor: Quantifies the willingness of cobalt sulphate smelters to sell.
- Downstream Purchase Willingness Factor: Quantifies the purchase willingness of ternary cathode precursor, cathode, and tetracobalt enterprises.
2. Professional Scoring, Weighted Calculation
The analyst team conducts daily targeted exchanges with enterprises, scoring the willingness to sell/purchase on a 1–5 scale (1=sporadic inquiries, minimal rigid demand; 5=panic buying, spot cargo sold out instantly), and weights the scores based on enterprise capacity/procurement volume to ensure the factors represent mainstream industry trends.
3. High-Frequency Release, Leading Market Trends
To ensure data timeliness and continuity, the cobalt sulphate sentiment factor is updated punctually at11:00 every trading day.
II. Application Scenarios
- Cobalt Sulphate Smelters: Adjust sales pace based on downstream purchase sentiment to avoid risks of low-price dumping.
- Ternary Cathode Precursor and Other Downstream Enterprises: Identify upstream sales signals to optimize procurement timing.
- Traders: Explore industry trading sentiment to assist in formulating buying and selling strategies.
