[SMM Analysis] Co3O4 Prices Remained Stable This Week

Jan 23, 2025, at 2:46 pm

[SMM Analysis: Co3O4 Prices Remain Stable This Week] This week, Co3O4 prices remained stable. Supply side, smelters maintained a high operating rate due to the impact of order deliveries. Demand side, downstream producers had largely completed restocking earlier, leading to weakened purchase willingness this week and a decline in demand. Overall, market activity was relatively low, and prices remained stable for the time being. It is expected that next week, as Chinese New Year approaches, market fluctuations may be relatively small, and prices are likely to remain stable.

This week, Co3O4 prices remained stable. Supply side, smelters maintained a high operating rate due to order deliveries. Demand side, downstream producers had mostly completed restocking earlier, leading to weakened purchase willingness this week and a decline in demand. Overall, market activity was not high, and prices temporarily remained stable. It is expected that next week, as the Chinese New Year approaches, market fluctuations may be relatively small, and prices are likely 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

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