This week, the LCO market continued to fluctuate at highs, with the supply-demand pattern remaining relatively stable. Quotations for standard models stabilized in the range of 370,000-380,000 yuan/mt, supported by clear and definite price logic. On one hand, high prices of upstream raw materials such as cobalt chloride and Co3O4 were transmitted downstream, with the cost side continuously releasing its supportive effect on LCO prices. On the other hand, based on the production schedules of various battery cell manufacturers for December and next year, overall demand remained robust. Against the backdrop of generally stable raw material prices, LCO prices are expected to maintain their current high levels in the short term, with a low probability of significant fluctuations.
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
