Spot price of cobalt intermediate products remains stable [SMM Weekly Review of Cobalt Intermediate Products Market]

This week, the spot price of cobalt intermediate products remained stable. On the supply side, mainstream miners continued to supply under long-term contracts and suspended spot order quotations. Currently, only trader-sourced goods are circulating in the market, and traders are still maintaining relatively high quotations. After completing some inventory replenishment in the early stage, downstream producers' willingness to purchase declined this week. The market sentiment is characterized by strong wait-and-see attitudes, and spot transactions of cobalt intermediate products have been scarce. It is expected that next week, with no significant improvement in short-term supply and demand, the spot price of cobalt intermediate products may remain stable.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Yanlin Lv 021-20707875

Yueming Li 021-51666809

Zhicheng Zhou 021-51666711