This week, trading activity in the cobalt chloride market picked up compared to pre-holiday levels. Mainstream quotations from smelters rose to above 115,000 yuan/mt, with some enterprises quoting as high as 118,000 yuan/mt; traders and recycling companies also generally raised their offers to around 115,000 yuan/mt. In terms of transactions, shortly after the New Year's Day holiday, some low-priced deals were concluded at 110,000-113,000 yuan/mt, but in the past two days, sporadic high-priced transactions have emerged at 115,000 yuan/mt. The current market focus is whether continued procurement by top-tier enterprises could provide further upward momentum for cobalt chloride prices.
SMM New Energy Research Team
Wang Cong 021-51666838
Ma Rui 021-51595780
Feng Disheng 021-51666714
Lü Yanlin 021-20707875
Zhou Zhicheng 021-51666711
