Co3O4: Supported by Both Raw Materials and Demand, Prices Remain High

Published: Oct 30, 2025 16:58

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Co3O4 side, Co3O4 enterprises' offers held steady at 340,000–360,000 yuan/mt, with actual transaction prices also largely stabilizing in the 340,000–350,000 yuan/mt range. The firmness in Co3O4 prices was mainly supported by upstream raw material costs and a continuous boost from end-use demand, keeping prices in a high range. The market is expected to maintain its steady state next week, with a low likelihood of significant price fluctuations.

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