SMM Analysis: Cobalt Intermediate Product Prices Decline Slightly Due to Persistent Oversupply

[SMM Analysis: Cobalt Intermediate Product Prices Remained Weak This Week]

This week, cobalt intermediate product prices remained weak.

Supply side, port inventories were sufficient, and the spot cargo availability was relatively high. Demand side, post-holiday downstream cobalt smelters were in a slow resumption phase, leading to limited demand for cobalt intermediate products.

In summary, as the oversupply pattern persisted during the week, spot prices saw a slight decline. Looking ahead, the overall supply-demand pattern is unlikely to change, and spot prices are expected to fluctuate downward.