This week, cobalt intermediate product prices remained stable. Supply side, current port inventory is sufficient. Demand side, cobalt smelters face high costs, and demand for finished cobalt products is weak, leading to low willingness for raw material stockpiling. Market-wise, the raw material market is relatively calm, with spot prices showing little fluctuation. It is expected that in the future, due to the confirmed surplus in the forward market, cobalt intermediate product prices are unlikely to rise.
SMM New Energy Research Team
Cong Wang 021-51666838
Rui Ma 021-51595780
Ye Yuan 021-51595792
Disheng Feng 021-51666714
Ying Xu 021-51666707
Yanlin Lü 021-20707875
Yujun Liu 021-20707895
Xiaodan Yu 021-20707870
Zhicheng Zhou 021-51666711
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