This week, the cobalt chloride market continued to operate steadily, with mainstream quotations from smelters holding around 110,000 yuan/mt, while recycling enterprises quoted around 105,000 yuan/mt. The actual transaction range remained at 102,000–105,000 yuan/mt, with a few chemical and high-cobalt enterprises transacting at around 108,000–114,000 yuan/mt. Supply side, upstream producers and traders maintained stable sales pace, and the previously tight market situation eased somewhat, providing fundamental support for price stability. Demand side, downstream enterprises continued last week's wait-and-see stance, with limited purchase willingness amid stable prices, and most still restocked based on demand, sustaining market wait-and-see sentiment. Notably, downstream expectations for cobalt chloride prices generally stood at 100,000–105,000 yuan/mt, coupled with the long-term logic of structurally tight global cobalt raw material supply, providing fundamental price support and making significant fluctuations unlikely in the short term.
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
