Stable Prices for Cobalt Intermediates in SMM Weekly Review

SMM Weekly Review: Cobalt Intermediates Prices Remain Stable This Week

From the supply side, current domestic spot supply is sufficient, and some traders still have a certain intention to ship goods, with overall available circulating supply still existing. From the downstream demand side, as all links of the cobalt industry chain are in a downward trend, for cost considerations, there is a more obvious intention to pressure prices down in procurement. However, sellers have a lower willingness to accept low prices, resulting in overall market transactions being relatively stagnant. It is expected that in the future market, although the overall market supply is abundant, there is a significant price difference between the upstream and downstream mentality, so the market may continue to be in a stalemate next week with limited downward space for spot prices.