Cobalt Intermediate Prices Stay Stable Despite Limited Spot Goods Availability

【SMM Weekly Review: Cobalt Intermediate Prices Stable This Week】

Cobalt intermediate prices remained stable this week. The supply side had relatively concentrated sources, and the availability of low-priced spot goods was limited. On the demand side, the speculative behavior of traders and the need for some smelters to replenish their inventories continued to support market demand. From the market perspective, there were numerous inquiries, prompting holders to stay firm on prices, while downstream acceptance of high prices remained limited, leading to overall price stability throughout the week. Looking ahead, with the year-end approaching, the trading atmosphere in the spot market may weaken, resulting in a relatively small market price fluctuation.