【SMM Analysis】The spot price of cobalt sulphate remains stable, with a strong sentiment of market watchfulness.

Published: Apr 24, 2025 14:20

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SMM Analysis: Cobalt Sulphate Spot Prices Remain Stable, Market Sentiment Cautious This week, cobalt sulphate spot prices remained stable. Supply side, some cobalt salt producers experienced slight shortages of raw materials, leading to a slight increase in offer prices due to reluctance to sell, but actual transactions did not show significant improvement. Demand side, downstream producers generally adopted a wait-and-see attitude towards new supplies from salt producers, with some companies still digesting old social inventories. It is expected that in the coming week, short-term supply and demand conditions will not see significant improvement, and cobalt sulphate spot prices may continue to fluctuate.

This week, the spot price of cobalt sulphate remained stable. Supply side, some cobalt salt producers experienced slight shortages of raw materials, leading to a slight increase in offer prices due to reluctance to sell, but actual transactions did not show significant improvement. Demand side, downstream producers generally adopted a wait-and-see attitude towards new supplies from salt plants, with some companies still digesting old social inventories. It is expected that the short-term supply and demand situation will not see significant improvement next week, and the spot price of cobalt sulphate may continue to fluctuate.

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

Zhicheng Zhou 021-51666711

Yueming Li 021-51666809

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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