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SMM Releases Heavyweight Sentiment Factors for Cobalt Chloride and Co3O4 Transactions: Gaining Insights into the Pulse of the Lithium Battery Market and Seizing Opportunities in the New Energy Industry

iconJul 25, 2025 17:20
Source:SMM
The mainstream transaction price of cobalt chloride is 63,000 yuan/mt

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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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