In the LCO market, most mainstream producers have suspended quotations, with a few enterprises achieving transactions for 4.45V products at 250,000 yuan/mt. The price rise was primarily driven by increases in upstream cobalt chloride and Co3O4. Currently, cathode material and battery cell enterprises maintain relatively sufficient inventory, providing a buffer against the rapid raw material price increases and reducing the need for short-term emergency restocking. Consequently, despite ongoing cost-side pressure, downstream battery cell manufacturers are mainly adopting a wait-and-see approach, resulting in limited actual transactions. LCO prices are expected to remain firm pre-holiday, but it will take time for trading activity to pick up.
Cong Wang 021-51666838
Rui Ma 021-51595780
Disheng Feng 021-51666714
Yanlin Lü 021-20707875
Zhicheng Zhou 021-51666711
Haohan Zhang 021-51666752
Zihan Wang 021-51666914
Jie Wang 021-51595902
Yang Xu 021-51666760
Lianting Yang 021-51595835
Zhaoyu Wang 021-51666827
