Currently, the quotation range for cobalt chloride in the market is 63,000-64,000 yuan/mt, but actual transactions have been sluggish. On the supply side, the proportion of toll processing by producers continues to rise, currently exceeding 60%. On the demand side, downstream clients' procurement heavily relies on upstream toll processing and long-term agreements, with limited transactions in the spot market (spot orders). In terms of pricing, the actual transaction center remains stable around 63,000 yuan/mt, with slight fluctuations due to quality differences. Looking ahead to early August, it is expected that the upward momentum in prices will gradually weaken, with growth rates leveling off.
SMM New Energy Research Team
Wang Cong 021-51666838
Ma Rui 021-51595780
Feng Disheng 021-51666714
Lv Yanlin 021-20707875
Zhou Zhicheng 021-51666711
