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[SMM Analysis] Cobalt Intermediate Product Prices Slightly Declined After the Holiday
Feb 06, 2025, at 2:01 pm
[SMM Analysis: Post-Holiday Cobalt Intermediate Product Prices Slightly Declined] Post-holiday cobalt intermediate product prices slightly declined. Supply side, the market has sufficient spot cargo. Demand side, post-holiday downstream purchase demand has yet to recover, and the overall market appears slightly sluggish. Considering the overall market situation, due to sufficient long-term raw material supply and high costs at downstream cobalt smelters, raw material prices are unlikely to hold and may still have some downside room.
After the holiday, cobalt intermediate product prices slightly declined. Supply side, the market has sufficient spot cargo. Demand side, post-holiday downstream purchase demand has not yet recovered, and the overall market appears slightly sluggish. Considering the overall market situation, due to sufficient long-term raw material supply and high costs at downstream cobalt smelters, raw material prices are unlikely to be sustained and may still have some downside room.
