Co3O4: Companies Plan to Increase Prices After the Holiday

This week, the market maintained a stable yet strong pattern, with demand remaining relatively robust and spot orders being scarce. Supply side, some producers have already raised their offers to 370,000 yuan/mt, while other enterprises plan to increase prices after the holiday. Demand side, cathode material producers' procurement has become more rational, primarily focused on meeting essential production needs, as the growth rate of new orders has slowed down, and the previously active stockpiling behavior has significantly decreased. After the New Year's Day holiday, prices are expected to rise slightly, with the low end potentially reaching 360,000 yuan/mt.