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Home / Metal News / [SMM Weekly Review] This Week, Cobalt Intermediate Product Prices Dropped Slightly
[SMM Weekly Review] This Week, Cobalt Intermediate Product Prices Dropped Slightly
Jan 9, 2025 15:49Source:SMM
[SMM Weekly Review: Cobalt Intermediate Product Prices Dropped Slightly This Week] Cobalt intermediate product prices declined slightly this week. Supply side, current port arrivals remain steady, and spot supply is sufficient. Demand side, downstream cobalt smelters showed reduced willingness for just-in-time procurement, leading to limited overall trading volume. Considering the overall market situation, the market is currently in an oversupply condition, putting pressure on spot prices to decline slightly.
This week, cobalt intermediate product prices slightly declined. Supply side, current port arrivals remain steady, and spot supply is sufficient. Demand side, downstream cobalt smelters' willingness for just-in-time procurement has decreased, and overall trading volume is relatively limited. Considering the overall market situation, the market is currently in an oversupply state, leading to slight downward pressure on spot prices.
SMM New Energy Research Team
Cong Wang 021-51666838
Rui Ma 021-51595780
Disheng Feng 021-51666714
Ying Xu 021-51666707
Yanlin Lü 021-20707875
Yujun Liu 021-20707895
Xiaodan Yu 021-20707870
Zhicheng Zhou 021-51666711
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