LCO: Raw Material Cost Pass-Through and Stockpiling Demand Jointly Drive Prices to Fluctuate at Highs

The LCO market continued to fluctuate at highs this week, with offers for standard-grade products holding steady at 370,000-380,000 yuan/mt. Price support mainly stemmed from two aspects: on the cost side, prices of raw materials such as cobalt chloride and Co3O4 continued to transmit upward, providing solid cost support; on the demand side, purchasing demand from downstream battery cell enterprises remained robust, with some consumer electronics companies stockpiling in advance for next year's orders, extending procurement cycles and continuously releasing rigid demand. Against the backdrop of overall stable raw material prices, LCO prices are expected to remain stable in the short term, with a low likelihood of significant fluctuations.

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