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Spot price of cobalt chloride slightly declined [SMM Weekly Review of Cobalt Chloride Market]
May 15, 2025, at 1:46 pm
[SMM Weekly Review of Cobalt Chloride Market: Spot Price of Cobalt Chloride Declines Slightly] This week, the price of cobalt chloride declined slightly. Supply side, due to unresolved issues with the transportation cycle of overseas cobalt raw materials, smelters remained cautious in their pricing, with almost no instances of selling at low prices. Demand side, downstream Co3O4 enterprises slowed down their procurement pace, with fewer market inquiries, and spot transactions were mainly for small-batch rigid demand. It is expected that the peak sales season for new energy vehicles (NEVs) in Q3 may drive a rebound in downstream enterprises' restocking demand, and the cobalt chloride market may continue to fluctuate at highs. Industry insiders maintain a strong wait-and-see attitude towards cost transmission and policy expectations.
This week, cobalt chloride prices have slightly declined. From the supply side, due to unresolved issues with the transportation cycle of overseas cobalt raw materials, smelters remain cautious in their pricing and have hardly engaged in any low-price dumping. From the demand side, downstream Co3O4 enterprises have slowed their procurement pace, with fewer market inquiries and spot transactions primarily driven by small-batch, just-in-time needs. It is expected that the peak sales season for new energy vehicles (NEVs) in Q3 may drive a rebound in downstream enterprises' restocking demand. The cobalt chloride market may continue to fluctuate at highs, with industry insiders maintaining a wait-and-see attitude towards cost transmission and policy expectations.
