This week, cobalt intermediate product prices slightly declined. Supply side, current port arrivals remain steady, and spot supply is sufficient. Demand side, downstream cobalt smelters' willingness for just-in-time procurement has decreased, and overall trading volume is relatively limited. Considering the overall market situation, the market is currently in an oversupply state, leading to slight downward pressure on spot prices.
SMM New Energy Research Team
Cong Wang 021-51666838
Rui Ma 021-51595780
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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