This week, the cobalt powder market continued to maintain a stable development trend, with quotes from various enterprises remaining largely stable and showing no significant changes. The impact of price adjustments on stimulating new orders was also not pronounced. Demand from the downstream alloy industry remained steady. However, due to the rising price of tungsten carbide and its relatively high cost proportion, alloy manufacturers have shifted their focus more towards the price dynamics of tungsten, resulting in relatively lower attention to cobalt powder. Consequently, cobalt powder prices currently show a trend of stabilisation.