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[SMM Analysis] Spot Price of Cobalt Intermediate Products Rises
Apr 30, 2025, at 4:41 pm
[SMM Analysis: Rise in Spot Price of Cobalt Intermediate Products]
This week, the spot price of cobalt intermediate products has risen. On the supply side, the current market circulation of goods is still dominated by traders. The spot quotes for cobalt intermediate products have increased in line with buying sentiment, while mainstream miners continue to fulfill long-term contracts and have ceased quoting spot orders. On the demand side, a small number of downstream producers are experiencing tight raw material supplies. However, overall, downstream producers are heavily concerned about raw material availability, with some actively stockpiling. As a result, spot transactions of cobalt intermediate products have been active. It is expected that next week, the market will still need time to further absorb the current situation, and the spot price of cobalt intermediate products may remain stable.
This week, the spot price of cobalt intermediate products rose. On the supply side, upstream producers generally suspended spot order quotations to ensure supply for long-term contract customers. The expected delivery time for some long-term contracts was extended. Only some traders were trading and shipping goods in the market, and the overall supply of circulating goods in the market was relatively low. A small number of downstream producers experienced a shortage of raw materials, and the overall enthusiasm for inquiries and purchases increased somewhat, with actual transactions of cobalt intermediate products showing some improvement. It is expected that next week, the short-term supply-demand pattern is unlikely to improve, and the spot price of cobalt intermediate products may fluctuate upward.
