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Some small cobalt acid lithium battery manufacturers are concerned about the price increase of upstream cobalt raw materials, and have recently increased their inquiries for cobalt acid lithium. The upstream quotation for cobalt tetroxide in lithium cobalt oxide has increased, while the quotation for battery grade lithium carbonate has slightly decreased. The overall cost of lithium cobalt oxide has increased, and it is planned to increase the quotation. However, downstream demand is bleak, making it difficult for lithium cobalt oxide prices to rise.

The current mainstream market price is 192-196000 yuan/ton, with an average price unchanged from the previous day. The quotation for lithium cobalt oxide this week is quite chaotic, with prices ranging from 185000 to 22000 yuan/ton. The price game between upstream and downstream is the main focus of this week, and it is expected that the procurement price for lithium cobalt oxide in June will gradually be determined next week. Today, there are sporadic new orders for lithium cobalt oxide.

Downstream cobalt acid lithium battery manufacturers have reported weak demand from May to June, but due to sufficient cobalt raw materials, they are not optimistic about the recent price increase of cobalt salt and cobalt tetroxide in the market. Some small cobalt acid lithium battery manufacturers are concerned about the price increase of upstream cobalt raw materials, and have recently increased their inquiries for cobalt acid lithium. The upstream quotation for cobalt tetroxide in lithium cobalt oxide has increased, while the quotation for battery grade lithium carbonate has slightly decreased. The overall cost of lithium cobalt oxide has increased, and it is planned to increase the quotation. However, downstream demand is bleak, making it difficult for lithium cobalt oxide prices to rise.

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