Cobalt Powder Prices Fluctuate Slightly, Market Remains Cautious

Published: Jun 5, 2025 17:37

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This week, the price of cobalt powder dropped slightly, but the price adjustment had an insignificant boost on orders. The demand from the downstream alloy industry remained stable. However, due to the still high price of tungsten carbide and its high cost proportion, alloy enterprises are more focused on the price trend of tungsten, with relatively low attention to cobalt powder. Under this market structure, the price of cobalt powder fluctuates slightly according to the price of raw materials, lacking obvious drivers for significant change in the short term, and market sentiment remains cautious. It is expected that in the short term, the cobalt powder market may continue to be in the doldrums, with prices unlikely to show significant fluctuations. Continuous attention should be paid to the price changes of upstream raw materials and the marginal changes in downstream demand.

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