This week, the spot price of cobalt sulphate held up well. Supply side, cobalt salt producers continued to stand firm on quotes and hold back sales, leading to a slight increase in spot quotes for cobalt sulphate. Demand side, as the holiday approached, downstream producers generally adopted a wait-and-see attitude towards new cobalt salt products, with only old social inventories being gradually consumed. As a result, transactions of new cobalt sulphate products were scarce. It is expected that next week, some producers may start to replenish their inventories, which could lead to a pickup in spot transactions of cobalt sulphate and drive the spot price to hold up well.
SMM New Energy Research Team
Wang Cong 021-51666838
Ma Rui 021-51595780
Feng Disheng 021-51666714
Lv Yanlin 021-20707875
Liu Yujun 021-20707895
Li Yueming 021-51666809
Zhou Zhicheng 021-51666711
