For Co3O4, enterprise quotations remained at 340,000–360,000 yuan/mt, but some resistance was encountered in price transmission during actual transactions. Some enterprises concluded transactions with long-term cooperative customers at around 340,000 yuan/mt, while spot orders from other enterprises reached a high of 360,000 yuan/mt. With cost support and demand boost working together, mainstream transaction prices are expected to gradually stabilize in the range of 350,000–360,000 yuan/mt next week.
