SMM Analysis: Spot Prices of Cobalt Intermediate Products Slightly Increased This Week

The spot price of cobalt intermediate products slightly increased this week. On the supply side, the logistics channel from South Africa to Chinese ports remained smooth, but the pressure from supply tightness caused by the suspension of cobalt exports from the DRC continued to be released. The spot order quotations from upstream producers remained high, and the market supply of circulating goods was still insufficient. Downstream producers maintained rigid inquiries, and the imbalance in price spreads made it difficult to increase transaction volume. It is expected that the spot price of cobalt intermediate products may fluctuate upward next week.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Yanlin Lyu 021-20707875

Yujun Liu 021-20707895

Yueming Li 021-51666809

Zhicheng Zhou 021-51666711