[SMM Analysis] Spot Prices of Cobalt Intermediate Products Remain Stable

This week, the spot price of cobalt intermediate products remained stable. On the supply side, upstream producers generally suspended spot order quotations to ensure supply for long-term contract customers, with the expected delivery time for some long-term contracts being extended. Only a few traders were active in the market, resulting in limited overall market circulation. A small number of downstream producers experienced raw material shortages, while overall inquiry and buying activity increased, leading to a slight recovery in actual transactions of cobalt intermediate products. It is expected that the short-term supply-demand pattern will be difficult to improve next week, and the spot price of cobalt intermediate products may fluctuate upward.

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