Domestic cobalt powder prices edged up this week. As raw material supply issues remained unresolved, producers generally held a cautious sales sentiment with low acceptance of low-priced orders. Most firms refused to budge on prices, unwilling to ship below expectations. Downstream demand stayed sluggish, with the cemented carbide sector—the core application field for cobalt powder—displaying cautious purchase willingness due to high tungsten carbide prices, failing to provide effective support. Consequently, overall cobalt powder shipments remained subdued.