SMM Analysis: Cobalt Sulphate Spot Prices Slightly Increased, Market Sentiment Remains Cautious
This week, cobalt sulphate spot prices edged up. Supply side, upstream salt plants' quotes were basically flat compared to last week, and they continued to stand firm on quotes, with some salt plants releasing small batches of cargo. Downstream companies' concentrated procurement has come to an end, and inquiries and buying interest are currently weak. The expected price spread still exists, and market liquidity has not significantly improved. The market is expected to continue a "weak balance" fluctuating pattern in the short term, with spot prices likely to fluctuate upward.
This week, the spot price of cobalt sulphate slightly increased. Supply side, upstream salt plants' quotations remained basically flat compared to last week and continued to stand firm on quotes, with some salt plants releasing small batches of cargo. The concentrated procurement by downstream enterprises has come to an end, and currently, inquiries and buying interest are relatively weak. The expected transaction price spread still exists, and market liquidity has not seen significant improvement. It is expected that the market may continue to fluctuate in a "weak balance" pattern in the short term, and the spot price is likely to fluctuate upward.
