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SMM Analysis: Spot Prices of Cobalt Intermediate Products Slightly Increased This Week
Mar 27, 2025, at 5:37 pm
【SMM Analysis: Slight Increase in Spot Prices of Cobalt Intermediate Products】
This week, the spot prices of cobalt intermediate products slightly increased. On the supply side, the logistics channels from South Africa to Chinese ports remained smooth, but the pressure from supply tightening caused by the suspension of cobalt exports from the DRC continued to be felt. Upstream producers maintained high spot order quotations, and the market still showed a shortage of available supply. Downstream producers maintained rigid inquiries, and the imbalance in price spreads made it difficult to achieve significant transaction volumes. It is expected that next week, the spot prices of cobalt intermediate products may fluctuate upward.
The spot price of cobalt intermediate products slightly increased this week. On the supply side, the logistics channel from South Africa to Chinese ports remained smooth, but the pressure from supply tightness caused by the suspension of cobalt exports from the DRC continued to be released. The spot order quotations from upstream producers remained high, and the market supply of circulating goods was still insufficient. Downstream producers maintained rigid inquiries, and the imbalance in price spreads made it difficult to increase transaction volume. It is expected that the spot price of cobalt intermediate products may fluctuate upward next week.
