SMM

SMM Analysis: Cobalt Chloride Prices Showed a Slight Rebound This Week. This week, cobalt chloride prices showed a slight rebound. Supply side, the market is gradually becoming more rational, and cobalt chloride producers are no longer adhering to the strategy of not selling, with an increased willingness to sell. Demand side, the main purchasers of Co3O4 remain in a wait-and-see mode, and although the number of inquiries increased, the actual trading volume remained limited. Looking ahead, the market is expected to continue to be affected by the cobalt export ban, and panic sentiment may persist. Some producers may choose to maintain current prices and adopt a strategy of holding back sales, which could lead to further increases in cobalt chloride prices.