[SMM Analysis: Refined Cobalt Prices Continued to Decline This Week]
This week, refined cobalt prices saw a slight decline.
Supply side, the market currently has ample inventory, with a relatively high volume of circulating goods. Demand side, downstream sectors are gradually resuming operations, but inquiries and market activity showed mediocre performance.
Overall, the market has entered a state of oversupply, and spot prices continued to decline. It is expected that next week, the overall supply-demand pattern may remain unchanged, and refined cobalt prices are likely to face further downward pressure.
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