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[SMM Analysis] Cobalt Intermediate Product Prices Remained Stable During the Week
Jan 16, 2025, at 4:12 pm
[SMM Analysis: Cobalt Intermediate Product Prices Remain Stable This Week]
This week, cobalt intermediate product prices remained stable.
Supply side, the overall spot cargo availability in the market is currently sufficient. Demand side, due to limited transactions of cobalt-related products and the approach of year-end holidays, actual market procurement demand has declined.
Market-wise, raw material prices remain high, and the spot market is primarily dominated by long-term contract deliveries, resulting in relatively small fluctuations in spot prices.
Next week, as year-end logistics and transportation are expected to come to a halt, the spot trading atmosphere may become even more subdued, and spot prices are expected to remain relatively stable.
This week, cobalt intermediate product prices remained stable. Supply side, the overall market currently has sufficient spot cargo. Demand side, due to limited transactions of cobalt-related products and the approach of year-end holidays, actual market procurement demand has declined. Market-wise, raw material prices remain high, and the spot market is primarily dominated by long-term contract deliveries, resulting in relatively small fluctuations in spot prices. It is expected that logistics and transportation will cease before the year-end next week, and the atmosphere for spot trades may become even more subdued, with spot prices expected to remain relatively stable.
