This week, the price of Co3O4 slightly declined. Supply side, the operating rate of Co3O4 smelters decreased. Demand side, only a few companies placed sporadic new orders, while the overall demand in the LCO market remained mediocre, mainly relying on restocking for just-in-time procurement. The overall market showed a weak supply and demand dynamic. It is expected that next week, the willingness for low-price sales of Co3O4 will not be strong, and quotations will remain relatively firm. Combined with the continued just-in-time procurement of LCO, spot prices are expected to remain stable.
SMM New Energy Research Team
Cong Wang 021-51666838
Rui Ma 021-51595780
Disheng Feng 021-51666714
Ying Xu 021-51666707
Yanlin Lü 021-20707875
Yujun Liu 021-20707895
Xiaodan Yu 021-20707870
Zhicheng Zhou 021-51666711
