The market price of cobalt chloride is 63,000-64,000 yuan/mt.

Currently, the quotation range for cobalt chloride in the market is 63,000-64,000 yuan/mt, but actual transactions have been sluggish. On the supply side, the proportion of toll processing by producers continues to rise, currently exceeding 60%. On the demand side, downstream clients' procurement heavily relies on upstream toll processing and long-term agreements, with limited transactions in the spot market (spot orders). In terms of pricing, the actual transaction center remains stable around 63,000 yuan/mt, with slight fluctuations due to quality differences. Looking ahead to early August, it is expected that the upward momentum in prices will gradually weaken, with growth rates leveling off.

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