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[SMM Analysis] Spot Prices of Cobalt Intermediate Products Remain Stable
Apr 24, 2025, at 3:22 pm
【SMM Analysis: Spot Prices of Cobalt Intermediate Products Remain Stable】
This week, the spot prices of cobalt intermediate products remained stable. On the supply side, upstream producers generally suspended spot order quotations to ensure supply for long-term contract customers, with some long-term contract delivery times being extended. Only a few traders were active in the market, resulting in a limited overall supply of circulating goods. A small number of downstream producers experienced raw material shortages, leading to an overall increase in inquiry and buying activity. The actual transactions of cobalt intermediate products showed some recovery. It is expected that the short-term supply-demand pattern will be difficult to improve next week, and the spot prices of cobalt intermediate products may fluctuate upward.
This week, the spot price of cobalt intermediate products remained stable. On the supply side, upstream producers generally suspended spot order quotations to ensure supply for long-term contract customers, with the expected delivery time for some long-term contracts being extended. Only a few traders were active in the market, resulting in limited overall market circulation. A small number of downstream producers experienced raw material shortages, while overall inquiry and buying activity increased, leading to a slight recovery in actual transactions of cobalt intermediate products. It is expected that the short-term supply-demand pattern will be difficult to improve next week, and the spot price of cobalt intermediate products may fluctuate upward.
