[SMM Analysis] Activity in the Cobalt Chloride Market Declined, and the Stalemate Was Unlikely to Be Broken in the Short Term

Published: Mar 12, 2026 17:23

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This week, the cobalt chloride market atmosphere was even more sluggish WoW, and the price stalemate continued. Although top-tier enterprises remained firm in their willingness to hold prices firm, with mainstream quotations still staying above 117,000 yuan/mt and the highest quotations reaching 120,000 yuan/mt, downstream procurement sentiment did not improve WoW and remained relatively cautious. Constrained by weak end-use demand and the relatively ample raw material inventory at material plants, market inquiries decreased noticeably, and actual transactions were mainly sporadic restocking, with the transaction center at 115,000 yuan/mt. Low-priced sales by some small traders were insufficient to move the broader market. Overall, market activity declined, and buyers and sellers fell into a game of tug-of-war. Prices are expected to remain stable in the short term, lacking the momentum to break the stalemate.

SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lyu 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.

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