Currently, a few cobalt chloride enterprises are offering quotes at 63,000-65,000 yuan/mt, while some salt producers have chosen to suspend quoting and continue to monitor the market. On the supply side, smelters still have a strong wait-and-see sentiment, resulting in fewer market transactions. On the demand side, downstream enterprises have relatively sufficient inventory levels and are actively inquiring about the market, but remain cautious about buying and selling. In terms of pricing, although upstream smelters have started to offer quotes, these quotes only represent their expectations of the current market price. The specific price trend will depend on the actual transaction prices and inventory levels of upstream and downstream enterprises in the future.
SMM New Energy Research Team
Wang Cong 021-51666838
Ma Rui 021-51595780
Feng Disheng 021-51666714
Lv Yanlin 021-20707875
Li Yueming 021-51666809
Zhou Zhicheng 021-51666711
