Cobalt Chloride: Prices Stabilized, Downstream Market Wait-and-See Sentiment Intensified

The cobalt chloride market remained relatively active this week. The mainstream quotations from smelters were in the range of 102,000–110,000 yuan/mt, while actual transaction prices mostly concentrated between 102,000–105,000 yuan/mt. The price trend was generally stable, mainly because upstream suppliers and traders successively made shipments, slightly easing the previously tight market supply. At the same time, against the backdrop of stabilizing prices, downstream procurement pace slowed down, and wait-and-see sentiment gradually intensified. However, at the current price level slightly above 100,000 yuan/mt, downstream acceptance remained relatively high, reflecting certain fundamental support for the price.

SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lü Yanlin 021-20707875

Zhou Zhicheng 021-51666711