LCO: Persistent Robust Downstream Demand and Sustained Strong Prices

The LCO market continued to fluctuate upward, with transaction prices for standard-grade products generally remaining above 370,000 yuan/mt. This round of price increases was primarily driven by the transmission of rising prices for raw materials such as cobalt chloride and Co3O4, coupled with the continuous release of procurement demand from battery cell enterprises. From the downstream perspective, particularly in the consumer electronics sector, demand for cathode materials is expected to remain robust from November to December, thereby providing effective support for LCO prices. In the short term, LCO prices are anticipated to maintain a firm trend.

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lü Yanlin 021-20707875

Zhou Zhicheng 021-51666711

Zhang Haohan 021-51666752

Wang Zihan 021-51666914

Wang Jie 021-51595902

Xu Yang 021-51666760

Yang Lianting 021-51595835

Wang Zhaoyu 021-51666827