This week, Co3O4 prices remained stable. Supply side, smelters maintained good operating rates. Demand side, after the holiday, the market overall adopted a wait-and-see attitude, focusing on fulfilling existing orders, with almost no new orders, and spot demand showed weakness. Considering the market situation, as downstream inventory was replenished before the holiday, the market remained relatively stable this week, and spot prices stayed unchanged. It is expected that next week, the Co3O4 market will continue to focus on order deliveries, with prices remaining stable.
SMM New Energy Research Team
Cong Wang 021-51666838
Rui Ma 021-51595780
Disheng Feng 021-51666714
Ying Xu 021-51666707
Yanlin Lü 021-20707875
Yujun Liu 021-20707895
Xiaodan Yu 021-20707870
Zhicheng Zhou 021-51666711
