This week, the cobalt powder market continued to operate steadily, with limited overall fluctuations in enterprise quotations. The impact of price adjustments on orders was not significant. Downstream demand in the alloy industry remained stable, but due to the rising price of tungsten carbide and its high cost proportion, alloy enterprises were more focused on the price trend of tungsten, with relatively low attention to cobalt powder. Under this market pattern, cobalt powder prices maintained a stable state, lacking obvious drivers for significant changes in the short term, and market sentiment leaned towards wait-and-see.