[Cobalt] Cobalt Powder Weekly Review

Published: Aug 13, 2026 17:36

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The cobalt powder market still showed no improvement this week, with both buyers and sellers lacking willingness to take the initiative and actual transactions remaining sluggish. Although producer offers still held in the range of 430,000-450,000 yuan/mt, the center of actual deals gradually shifted toward the low end, with some transactions dipping to 420,000-430,000 yuan/mt and high-priced material clearly lacking acceptance. Pressure in the trading segment increased, as low-priced offers appeared frequently and continuously pulled down market psychological price levels. Downstream, end-user orders at cemented carbide enterprises were weak, raw material consumption cycles lengthened, procurement was mainly limited to cargo pick-up under long-term contracts, and spot restocking was minimal. Weaker cobalt carbonate prices further weakened cost support. Overall market sentiment was bearish, and cobalt powder prices may continue to weaken and hit bottom in the short term.

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