[SMM Analysis] Cobalt Salt Prices Remained Stable This Week

Jan 23, 2025, at 2:46 pm

[SMM Analysis: Cobalt Salt Prices Remain Stable This Week] This week, cobalt salt prices remained stable. Supply side, affected by the Chinese New Year holiday and weakened market demand, some smelters experienced production cuts, leading to a reduction in supply. Demand side, early restocking has been largely completed, and market inquiries and transactions were relatively sluggish. Due to the lack of active market trading, prices remained temporarily stable. Looking ahead, despite the weak supply and demand dynamics in the market, with the holiday approaching, market activity is expected to decline further, and spot prices are expected to remain stable.

This week, cobalt salt prices remained stable. Supply side, affected by the Chinese New Year holiday and weakened market demand, some smelters experienced production cuts, leading to a decrease in supply. Demand side, early restocking has been largely completed, and market inquiries and transactions were relatively sluggish. Due to the inactive market trading atmosphere, prices remained temporarily stable. Looking ahead, although the market shows a weak supply and demand situation, as the holiday approaches, market activity is expected to decline further, and spot prices are expected to remain stable.

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

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