[SMM Analysis: Refined Cobalt Prices Slightly Declined After the Holiday]
Refined cobalt prices slightly declined after the holiday.
Supply side, major refined cobalt smelters maintained relatively high operating rates during the Chinese New Year, ensuring sufficient market supply.
Demand side, overall market inquiry and purchasing sentiment remained weak in the first week after the holiday, with the market continuing to face an oversupply situation.
It is expected that in the short term, as the supply-demand pattern is unlikely to change, spot prices may still have some room for further decline.
![마그네슘 가격 3거래일 연속 상승! 원가 측면은 여전히 '뜨겁게 타오르는' 반면 수요 측면은 바통을 이어받기 어려워 [SMM 논평]](https://imgqn.smm.cn/usercenter/EutUV20251217171724.jpeg)
