LCO: Demand Support Remains, Prices Stabilize at Highs

This week, the LCO market continued to fluctuate at highs, with offers for standard-grade products remaining at 370,000-380,000 yuan/mt. Current price support mainly stems from two factors: first, the price transmission effect from raw materials such as cobalt chloride and Co3O4 persists, providing solid cost support; second, procurement demand from downstream battery cell enterprises remains robust, with some consumer electronics enterprises stockpiling for next year, leading to extended order cycles and the continuous release of rigid procurement demand. In the short term, with overall raw material prices holding steady, LCO prices are expected to remain stable, with limited likelihood of significant fluctuations in the near term.

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Yanlin Lü 021-20707875

Zhicheng Zhou 021-51666711

Haohan Zhang 021-51666752

Zihan Wang 021-51666914

Jie Wang 021-51595902

Yang Xu 021-51666760

Lianting Yang 021-51595835

Zhaoyu Wang 021-51666827