This week, the Co3O4 market price remained stable. In terms of supply, the supply from Co3O4 smelters slightly decreased. On the demand side, the LCO market demand was relatively stable, mainly driven by inventory replenishment to meet basic needs, with relatively small trading volume. It is expected that next week, due to low downstream LCO inventory, there may be some rigid stockpiling demand. With the increase in inquiries, the spot price of Co3O4 has the potential to rise slightly.
SMM New Energy Research Team
Cong Wang 021-51666838
Rui Ma 021-51595780
Ye Yuan 021-51595792
Disheng Feng 021-51666714
Ying Xu 021-51666707
Yanlin Lü 021-20707875
Yujun Liu 021-20707895
Xiaodan Yu 021-20707870
Zhicheng Zhou 021-51666711
