LCO: Downstream Demand Remains Robust, Prices Expected to Rebound

This week, the LCO market continued to fluctuate upward, with transaction prices for standard-grade products remaining stable above 370,000 yuan/mt. Due to the rapid price increase earlier and the large price spread with raw materials, prices experienced a slight loosening. The core drivers of the strong prices still came from two aspects: first, the price transmission effect from raw materials such as cobalt chloride and Co3O4 continued, providing solid cost support; second, procurement demand from downstream battery cell enterprises remained robust, especially as consumer electronics enterprises prepared for next year's stockpiling, leading to extended production schedule cycles and the continuous release of just-in-time procurement for cathode materials. In the short term, with raw material prices holding steady, LCO prices have some room for adjustment.

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