Against the backdrop of violent price fluctuations in cobalt chloride and Co3O4, as well as increasingly intensified back-and-forth negotiations between upstream and downstream, the industry urgently needs a benchmark that can accurately capture real-time trading dynamics. After a period of accumulation by the SMM new energy team, the SMM New Energy Lithium Battery Database launched the industry's first "Cobalt Chloride Transaction Sentiment Factor" and "Co3O4 Transaction Sentiment Factor," released promptly at 10:30 each trading day to provide quantifiable, traceable, and early-warning sentiment references for industry chain enterprises.
I. Data Highlights
1. Three-Dimensional Factors, Panoramic Characterization
- Total Sentiment Factor: Comprehensively reflects the overall market heat of the day.
- Upstream Sales Sentiment Factor: Quantifies the willingness to sell of cobalt salt manufacturers.
- Downstream Purchase Sentiment Factor: Quantifies the purchase willingness of Co3O4 enterprises and cathode enterprises.
2. Professional Scoring, Weighted by Capacity
The analyst team conducts daily targeted exchanges with enterprises, scoring sales/purchase intentions on a scale of 1–5 (1=limited inquiries, occasional rigid demand; 5=panic buying, spot cargo sold out instantly), and weights them by enterprise capacity/procurement volume to ensure the factors represent mainstream industry trends.
3. High-Frequency Updates, Leading Market Trends
To ensure timeliness and continuity, the cobalt chloride and Co3O4 sentiment factors are updated promptly at 10:30 each trading day.
II. Application Scenarios
- Cobalt Salt Manufacturers: Adjust sales pace based on downstream purchase sentiment to avoid the risk of low-price dumping.
- Co3O4 and Cathode Enterprises: Identify upstream sales signals to optimize procurement windows.
SMM New Energy Research Team
Cong Wang 021-51666838
Rui Ma 021-51595780
Disheng Feng 021-51666714
Yanlin Lü 021-20707875
Zhicheng Zhou 021-51666711
