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Home / Metal News / [SMM Weekly Review] Spot Cobalt Sulphate Prices Rose Sharply This Week

[SMM Weekly Review] Spot Cobalt Sulphate Prices Rose Sharply This Week

iconSep 4, 2025 17:39
Cobalt sulphate spot prices surged this week. Supply side, smelters and traders raised their quotation ranges, with cobalt intermediate product smelters quoting 55,000-56,000 yuan/mt, MHP and recycling companies quoting 53,000-54,000 yuan/mt, and traders quoting above 53,000 yuan/mt. Demand side, market sentiment improved significantly in recent weeks, with downstream purchase willingness strengthening and some companies conducting large-scale restocking. Mainstream transaction prices this week hovered around 53,000 yuan/mt, with the price center gradually moving upward. Supported by rising raw material costs and substantial restocking during downstream peak season, cobalt sulphate prices are expected to maintain strong momentum in the short term.

Spot cobalt sulphate prices rose sharply this week. Supply side, smelters and traders raised their quotation ranges, with cobalt intermediate product smelters quoting 55,000-56,000 yuan/mt, MHP and recycling companies quoting 53,000-54,000 yuan/mt, and traders quoting above 53,000 yuan/mt. Demand side, market sentiment improved significantly in recent weeks, downstream purchase willingness strengthened, and some companies conducted large-scale restocking. The mainstream transaction prices this week hovered around 53,000 yuan/mt, with the price center gradually moving upward. Supported by rising raw material costs and substantial downstream restocking during peak season, cobalt sulphate prices are expected to remain strong in the short term.

SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lü Yanlin 021-20707875

Xiao Wenhao 021-51666872

Zhou Zhicheng 021-51666711

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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