Cobalt Sulphate Prices Steady, Cobalt Chloride Prices Dip Slightly This Week

[SMM Analysis: Cobalt Sulphate Prices Remain Stable This Week, Cobalt Chloride Prices Slightly Decline] This week, cobalt sulphate prices remained temporarily stable, while cobalt chloride prices saw a slight decline.

Supply side, the operating rate of cobalt salt smelters remained at a low level. Demand side, market demand was limited to basic procurement, showing overall weakness, with low acceptance of high-priced cobalt salts, resulting in sluggish transactions this week. As year-end approaches, some cobalt salt producers, due to reasons such as cash flow recovery, sold products at prices below the market level, further depressing spot prices.

It is expected that next week, the market supply and demand situation will see no significant changes, and spot prices are unlikely to stabilize, with some room for further decline.