SMM Analysis: Cobalt Intermediate Product Prices Edge Up Amid Tight Supply-Demand Dynamics

SMM Analysis: Cobalt Intermediate Product Supply and Demand Tight, Spot Prices Rise Slightly

This week, cobalt intermediate product spot prices rose slightly as the market continued to gradually digest the impact of the DRC export ban. Supply side, some top-tier enterprises began fulfilling long-term contract orders with inventory, resulting in a lower proportion of spot order shipments, and the available supply in the market remained at a low level. Demand side, processing fees for downstream salt plants pulled back, leading to a slight decrease in purchasing enthusiasm. It is expected that next week, downstream companies will gradually start restocking, and cobalt intermediate product prices may remain stable.