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[SMM Analysis] Cobalt Intermediate Product Prices Slightly Declined During the Week
Jan 23, 2025, at 8:04 am
[SMM Analysis: Cobalt Intermediate Product Prices Slightly Declined This Week] This week, cobalt intermediate product prices slightly declined. Supply side, port inventories are currently sufficient, and spot supply remains unaffected. Demand side, with the Chinese New Year holiday approaching, purchasing willingness in the spot market is limited, and actual transactions are scarce. Overall, the current supply-demand pattern remains unchanged, but with the upcoming Chinese New Year holiday, logistics and transportation are gradually halting, so spot prices are expected to fluctuate only slightly.
This week, cobalt intermediate product prices slightly declined. Supply side, port inventories are currently sufficient, and spot supply remains unaffected. Demand side, with the Chinese New Year holiday approaching, purchasing willingness in the spot market is limited, and actual transactions are scarce. Overall, the current supply-demand pattern in the market remains unchanged. However, as the short Chinese New Year holiday is expected to arrive soon, logistics and transportation are gradually halting, so spot prices may fluctuate only slightly.
