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The LCO market was under pressure this week, with mainstream quotations for 4.2V/4.4V/4.5V products pulling back to 217,000 yuan/mt, 221,000 yuan/mt, and 232,000 yuan/mt, respectively. The price adjustments were mainly driven by dual pressures from the raw material side: battery-grade lithium carbonate continued its downward trend, while Co3O4 experienced a slight price easing due to weak procurement sentiment. On the supply side, top-tier enterprises maintained high production levels through capacity releases. On the demand side, the preparation of "618" sales promotions by terminal producers drove a temporary increase in procurement demand from battery cell manufacturers. It is worth noting that the uncertainty in cobalt raw material supply caused by changes in the DRC's mining policies continues to affect the shipping strategies of LCO cathode producers, with the market remaining cautious in shipping.
SMM New Energy Research Team
Wang Cong 021-51666838
Yu Xiaodan 021-20707870
Ma Rui 021-51595780
Xu Ying 021-51666707
Feng Disheng 021-51666714
Liu Yujun 021-20707895
Lv Yanlin 021-20707875
Zhou Zhicheng 021-51666711
Zhang Haohan 021-51666752
Wang Zihan 021-51666914
Ren Xiaoxuan 021-20707866
Liang Yushuo 021-20707892
Wang Jie 021-51595902
Xu Yang 021-51666760
Yang Lianting 021-51595835
Wang Zhaoyu 021-51666827
