This week, trading activity in the lithium cobalt oxide (LCO) market rebounded, with the overall supply-demand relationship remaining stable. Supply side, quotations for standard-grade products generally held above 370,000 yuan/mt, supported by persistently high raw material prices such as cobalt chloride and Co3O4, providing significant cost support. Demand side, battery cell manufacturers are still negotiating orders with downstream end-users. Affected by consecutive increases in raw material prices, some enterprises are evaluating the switch from LCO to ternary cathode materials, leading to a certain decline in new orders recently. In the short term, LCO prices are expected to remain stable, with limited upward momentum.
Wang Cong 021-51666838
Ma Rui 021-51595780
Feng Disheng 021-51666714
Lü Yanlin 021-20707875
Zhou Zhicheng 021-51666711
Zhang Haohan 021-51666752
Wang Zihan 021-51666914
Wang Jie 021-51595902
Xu Yang 021-51666760
Yang Lianting 021-51595835
Wang Zhaoyu 021-51666827
