Cobalt Chloride: Prices Held Steady with Mediocre Market Trading Sentiment

The domestic cobalt chloride market maintained a stable pattern this week. Mainstream quotations from producers were around 110,000 yuan/mt, while quotations from recycling enterprises and traders were at 100,000-105,000 yuan/mt. Actual transactions mostly concentrated in the range of 100,000–105,000 yuan/mt, with a few chemical and high-cobalt enterprises achieving transactions above 110,000 yuan/mt. Supply side, factories and traders maintained a steady pace of shipments, providing support for price stability. Demand side, the wait-and-see sentiment continued, with downstream enterprises showing low purchasing enthusiasm amid stable prices. Currently, downstream generally expects cobalt chloride prices to be in the range of 100,000-105,000 yuan/mt. Coupled with the long-term logic of structurally tight global cobalt raw material supply, current prices have fundamental support, and significant fluctuations are 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