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Cobalt chloride spot price remains stable for the time being [SMM Weekly Review of Cobalt Chloride Market]
May 08, 2025, at 4:13 pm
[SMM Weekly Review of Cobalt Chloride Market: Cobalt Chloride Spot Prices Remain Stable for Now] This week, cobalt chloride prices remained stable for now. In terms of supply, due to the unsolved issue of raw material shortages, most manufacturers maintained relatively high quotes, and the possibility of selling at low prices was relatively small. On the buyer side, the market appeared slightly sluggish after the holiday, with fewer inquiries. Purchases were mainly driven by rigid demand, and spot prices fluctuated at highs. It is expected that next week, if the market continues to be sluggish, the transaction price of cobalt chloride may decline. However, due to manufacturers' reluctance to sell, the price decline is expected to be limited.
This week, cobalt chloride prices remained stable for the time being. In terms of supply, due to the unsolved issue of raw material shortages, most manufacturers maintained relatively high quotes, and the possibility of selling at low prices was relatively small. On the demand side, the market appeared slightly sluggish after the holiday, with fewer inquiries. Purchases were mainly driven by rigid demand, and spot prices mostly fluctuated at highs. It is expected that next week, if the market continues to be sluggish, the transaction price of cobalt chloride may decline somewhat. However, due to manufacturers' reluctance to sell, the price decline is expected to be limited.
