Cobalt Intermediate Product Prices Surge Amid Scarce Market Supply

[SMM Analysis: Market Circulating Supply Scarce, Cobalt Intermediate Product Prices Surge Significantly During the Week] This week, cobalt intermediate product prices surged significantly.

Supply side, transportation from South African ports to domestic ports remained normal; however, due to concerns over potential disruptions in raw material supply in the future, holders were reluctant to sell, resulting in scarce circulating supply during the week.

Demand side, as the quantity of raw material long-term contracts signed in earlier stages was relatively low and the current upward trend in cobalt prices is quite aggressive, market inquiries and buying interest were high.

Considering the overall market situation, the market is currently dominated by sellers, with buyers showing limited bargaining power, leading to a continuous rise in spot prices.

It is expected that next week, the overall market situation will see little change, and spot prices for cobalt intermediate products may continue to rise.