Cobalt Salt Prices Continue Downward Trend in SMM Weekly Review

Опубликовано: Apr 18, 2024 15:41

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[SMM weekly review: Cobalt salt prices remain downward this week] Cobalt salt prices have remained downward this week. From the supply side, market operating rates remain low, with production fluctuations not significant. From the demand side, as prices are on a downward trend, market sentiment is more inclined to buy high rather than buy low, resulting in weak actual purchasing. From an overall supply and demand perspective, although the market maintains a situation of weak supply and demand, there are some companies who, under the pressure of inventory, have engaged in price reductions to facilitate transactions, leading to a decline in cobalt sulfate prices. It is expected that next week, due to the impact of raw material mismatches, most of the cobalt salts currently on sale are produced from previous high-priced raw materials, coupled with expectations of downstream inventory building up before the holiday, the downward space for spot prices may be limited under cost support.

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