[SMM Analysis: Spot Price of Cobalt Sulphate Slightly Decreased with Strong Market Wait-and-See Sentiment]
The spot price of cobalt sulphate slightly decreased this week. Supply side, the quotations from upstream salt plants were slightly lower WoW, and some traders started to sell off old inventory, causing a certain disturbance in market sentiment. Downstream enterprises showed strong wait-and-see sentiment, with restocking enthusiasm declining, leading to slightly poorer liquidity. It is expected that next week, downstream enterprises will gradually start restocking for their rigid demand, and the spot price of cobalt sulphate may turn from weak to strong.

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