SMM Weekly Review: Cobalt Intermediate Price Stable This Week
Cobalt intermediate price has remained stable this week. Although the quantity of intermediate products arriving at the port has been continuous on the supply side, available circulating sources are relatively concentrated, making it difficult to find low-priced spot goods in the market. On the demand side, some smelters have sporadically built up stocks before the holiday, and the influence of speculative behavior by traders has kept market demand alive. From the market perspective, there are many inquiries, and holders are relatively firm on prices, but downstream acceptance of high prices is limited, resulting in overall price stability in the week. It is expected that the demand will weaken as the end of the year approaches, but at the same time, the concentration of intermediate product supply may maintain market firmness, and spot prices may remain unchanged in the supply-demand game.
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