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[SMM Analysis] Cobalt Sulphate Prices Remained Stable This Week, While Cobalt Chloride Prices Slightly Declined
Jan 16, 2025, at 5:05 pm
[SMM Analysis: Cobalt Sulphate Prices Remain Stable This Week, Cobalt Chloride Prices Slightly Decline] This week, cobalt sulphate prices remained stable, while cobalt chloride prices saw a slight decline. Supply side, the operating rate of cobalt salt smelters remained at a low level. Demand side, market demand was limited to basic procurement, showing overall weakness, with low acceptance of high-priced cobalt salts, resulting in sluggish transactions this week. As year-end approaches, some cobalt salt producers, due to reasons such as cash flow recovery, sold products at prices below the market level, further depressing spot prices. It is expected that next week, the market supply and demand situation will see little change, and spot prices will remain unstable, with some room for further decline.
This week, cobalt sulphate prices remained temporarily stable, while cobalt chloride prices saw a slight decline. Supply side, the operating rate of cobalt salt smelters remained at a low level. Demand side, market demand was limited to basic procurement, showing overall weakness, with low acceptance of high-priced cobalt salts, resulting in sluggish transactions this week. As the year-end approaches, some cobalt salt producers, due to reasons such as cash flow recovery, sold products at prices below the market level, further depressing spot prices. It is expected that next week, the market supply and demand situation will see no significant changes, and spot prices are unlikely to stabilize, with some room for further decline.
SMM New Energy Research Team
Cong Wang 021-51666838
Rui Ma 021-51595780
Disheng Feng 021-51666714
Ying Xu 021-51666707
Yanlin Lü 021-20707875
Yujun Liu 021-20707895
Xiaodan Yu 021-20707870
Zhicheng Zhou 021-51666711