Cobalt chloride: Trading was sluggish before the holiday, with prices moving sideways at high levels.

Published: Jan 29, 2026 18:01

Save

The cobalt chloride market continued its sluggish pattern this week, with trading activity showing no significant change WoW. Mainstream quotations from smelters and recycling enterprises remained above 115,000 yuan/mt, although some companies offered slightly lower prices to recoup funds before the Chinese New Year. Despite rush production demand from terminal battery cell manufacturers due to changes in export policies, actual purchase willingness in the market was generally weak, as most enterprises had ample raw material stockpiling from earlier periods and cobalt chloride prices remained high. With the approaching Chinese New Year and the imminent suspension of logistics, the market is expected to maintain an overall quiet tone with nominal prices but thin trading before the holiday.

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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Tyeeli and RAHIMAFROOZ Group Sign Cooperation Agreement, Deliver First Batch of Lithium Batteries

On January 26, Tyeeli signed a cooperation agreement with RAHIMAFROOZ Group, a leading battery manufacturer in Bangladesh, and completed the delivery of the first batch of low-speed vehicle lithium battery products on-site. According to the agreement, the two parties will explore collaboration in areas such as products, technology, and market expansion. The CEO of RAHIMAFROOZ Group and his delegation visited Tyeeli's lithium battery intelligent manufacturing base, spoke highly of Tyeeli's manufacturing strength and product advancement, and expressed strong confidence in the future in-depth cooperation between the two sides.

1 hour ago

Iron Phosphate 500 Yuan Price Hike: Costs Swallow the Gains

Iron phosphate prices rose by ¥500/ton, yet ¥409 of this was offset by surging raw material costs. Tight supply in sulfur and titanium dioxide sectors drove up input expenses, making this hike a cost pass-through with little real profit gain for producers.

1 hour ago

Far East Holdings Subsidiaries Secure 30.75B Yuan in Contracts, Focusing on Energy Storage and Lithium Batteries

On February 3, Far East Holdings announced a disclosure regarding its subsidiary's awarded projects. In January 2026, the total value of contracts awarded to and signed by its subsidiaries, each exceeding 10 million yuan, amounted to 30,753,888,000 yuan. Among these, contracts related to energy storage systems were valued at 594 million yuan, while those related to lithium batteries totaled 1,186.9 million yuan. Far East Holdings stated that the company is firmly implementing its "electric energy + computing power + AI" strategy and will continue to fully expand related core technology products/services.

1 hour ago