LCO: Fluctuating at Highs with Stable Momentum

This week, the LCO market continued to fluctuate at highs, with the supply-demand pattern remaining relatively stable. Quotations for standard models stabilized in the range of 370,000-380,000 yuan/mt, supported by clear and definite price logic. On one hand, high prices of upstream raw materials such as cobalt chloride and Co3O4 were transmitted downstream, with the cost side continuously releasing its supportive effect on LCO prices. On the other hand, based on the production schedules of various battery cell manufacturers for December and next year, overall demand remained robust. Against the backdrop of generally stable raw material prices, LCO prices are expected to maintain their current high levels in the short term, with a low probability 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