SMM Daily Review: Cobalt Sulphate Spot Price Edged Up on March 25
The SMM cobalt sulphate index price was 49,444 yuan/mt, up 30 yuan/mt MoM from the previous working day; the spot price of cobalt sulphate was 48,600 - 51,000 yuan/mt, with an average of 49,800 yuan/mt, up 50 yuan/mt MoM from the previous working day. In terms of supply and demand dynamics, some salt plants have adopted a strategy of holding back goods to stand firm on quotes, leading to slightly higher actual quotations compared to yesterday. Overall market liquidity remained low, and the current price fluctuations mainly reflect the supply side's expectations regarding raw material policies and costs.
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