[SMM Weekly Review] This week, the spot price of cobalt intermediate products declined slightly. From the supply side, mainstream mines maintained their long-term contract pace, and traders' offers for goods declined slightly. From the demand side, due to the uncertainty surrounding the subsequent policies in the DRC and the recent decline in the prices of cobalt-related products, downstream producers remained on the sidelines, with weak purchase willingness. Overall, the inquiries and buying interest for cobalt intermediate products remained relatively mediocre this week, with buyers and sellers being cautious. It is expected that the spot price of cobalt intermediate products will likely remain stable until the official release of the policies.
This week, the spot price of cobalt intermediate products declined slightly. From the supply side, mainstream mines maintained their long-term contract schedules, and traders' offers for goods decreased slightly. From the demand side, due to the uncertainty surrounding the subsequent policies in the DRC and the recent decline in the prices of cobalt-related products, downstream producers remained on the sidelines, with weak purchase willingness. Overall, inquiries and buying interest for cobalt intermediate products remained relatively mediocre this week, with buyers and sellers being cautious. It is expected that the spot price of cobalt intermediate products may remain stable until the official announcement of the policies.
