[SMM Weekly Review of Refined Cobalt Market: Refined Cobalt Spot Price Strengthens] This week, the spot price of refined cobalt fluctuated upward. Supply side, the current social inventory in the market remains relatively high. However, due to tight raw material supply and the declining economic efficiency of refined cobalt production, some smelters have implemented production cuts. The market expects that the available supply in the future may decline. Demand side, the inquiry enthusiasm of downstream producers has slightly increased, but they are still basically maintaining a production schedule based on demand. It is expected that after the holiday, the refined cobalt price will maintain a fluctuating trend.
This week, the spot price of refined cobalt fluctuated upward. From the supply side, the current social inventory in the market remains relatively high. However, due to tight raw material supply and the declining economic viability of refined cobalt production, some smelters have implemented production cuts. The market expects that the available supply in the future may decrease. From the demand side, the inquiry enthusiasm of downstream producers has slightly increased, but they are still maintaining a production schedule based on demand. It is expected that after the holiday, the refined cobalt price will maintain a fluctuating trend.
