Spot price of cobalt intermediate products slightly weakened [SMM Weekly Review of Cobalt Intermediate Products Market]

On the supply side, mines continue to steadily supply long-term contract customers, while traders have slightly adjusted their spot order quotes downward. Despite the mixed market information, the subsequent policies of the DRC have not yet been announced, which may only affect short-term trading sentiment, without significant improvement in actual supply and demand. On the demand side, following the completion of a round of procurement in the early stage, downstream purchase willingness has been slightly low recently. Along with the poor feedback on cobalt salt shipments, smelters have become more sensitive to raw material prices, and the inquiries and buying interest for cobalt intermediate products have been moderate this week. It is expected that the spot price of cobalt intermediate products may slightly weaken in the near future.
 

SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lv Yanlin 021-20707875

Li Yueming 021-51666809

Zhou Zhicheng 021-51666711