This week, cobalt chloride prices remained firm. In terms of supply, due to the ongoing shortage of raw materials, smelters had a strong willingness to support prices, and their reluctance to sell became increasingly evident, with almost no instances of selling at low prices. From the perspective of demand, downstream enterprises had certain rigid procurement needs. Influenced by expectations of price increases, there was an increase in inquiries, and a small number of high-price transactions occurred. It is expected that next week, with the continuous depletion of market inventory, the spot price of cobalt chloride will remain high and may rise further.
SMM New Energy Research Team
Cong Wang 021-51666838
Rui Ma 021-51595780
Disheng Feng 021-51666714
Yanlin Lv 021-20707875
Yueming Li 021-51666809
Zhicheng Zhou 021-51666711
