SMM Weekly Review: Slight Rise in Electrolytic Cobalt Prices Amid Stable Supply and Rigid Demand
게시됨: Nov 7, 2024 20:28
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[SMM Weekly Review: Minor Increase in Electrolytic Cobalt Prices This Week] There was a slight increase in electrolytic cobalt prices this week. From the supply side, the current market operating rate is relatively stable, with an adequate overall supply. On the demand side, downstream alloy and magnetic material manufacturers have no significant stockpiling needs, maintaining rigid demand procurement overall. Considering the overall market conditions, as the end of the year approaches, electrolytic cobalt smelters have a certain level of fixed orders, leading to a weaker willingness to sell at lower spot prices. Meanwhile, due to the limited circulation of some electrolytic cobalt brands in the market, rigid spot demand has slightly pushed up spot prices.
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