[SMM Weekly Review] The cobalt sulphate market moved sluggishly this week, and spot prices held steady.

The cobalt sulphate market operated sluggishly this week, with spot prices holding steady. On the supply side, supported by raw material costs, mainstream smelters continued to hold prices firm. Only a few traders and smelters, under pressure to recoup funds by year-end, offered small price reductions for shipments, but the overall volume was limited and did not drag down prices. On the demand side, as year-end approached, most downstream enterprises had completed stockpiling earlier, resulting in weak purchase willingness and only maintaining small-scale just-in-time procurement. Overall, market transactions remained sluggish this week, but with strong support from upstream raw material costs, cobalt sulphate prices are expected to remain more likely to rise than fall in the short term.

SMM New Energy Research Team

Wang Cong 021-51666838

Ma Rui 021-51595780

Feng Disheng 021-51666714

Lyu Yanlin 021-20707875

Xiao Wenhao 021-51666872

Zhang Haohan 021-51666752

Wang Zihan 021-51666914

Wang Jie 021-51595902

Xu Yang 021-51666760

Yang Lianting 021-51595835

Wang Zhaoyu 021-51666827