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[SMM Weekly Review] Refined Cobalt Prices Dropped Slightly This Week

iconJan 9, 2025 15:43
Source:SMM
[SMM Weekly Review: Refined Cobalt Prices Dropped Slightly This Week] Refined cobalt prices dropped slightly this week. Supply side, the current market has sufficient spot cargo. Demand side, the overall market was relatively quiet at year-end, with weak spot purchase willingness. Market conditions indicate that, as year-end coincides with the off-season for industry demand, overall trading sentiment remained subdued. Next week, logistics transportation is expected to halt, and the spot market trading sentiment may remain subdued, with refined cobalt prices likely to fluctuate relatively small.

This week, refined cobalt prices slightly declined. Supply side, the current market has sufficient spot cargo. Demand side, the overall market was relatively quiet at year-end, with weak purchase willingness for spot refined cobalt. Market situation, as year-end falls in the industry's off-season, overall trading sentiment remained subdued. Next week, logistics and transportation are expected to halt, and the spot market trading sentiment may remain subdued, with refined cobalt prices likely to fluctuate relatively small.

 

 


 

 

 


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Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

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Yujun Liu 021-20707895

Xiaodan Yu 021-20707870

Zhicheng Zhou 021-51666711

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