SMM

[SMM Analysis: Cobalt Intermediate Product Prices Slightly Declined Under Pressure This Week] This week, cobalt intermediate product prices slightly declined. Supply side, spot cargoes are currently sufficient overall. Demand side, downstream maintains just-in-time procurement, with limited market inquiries and transactions. In summary, the market remains in an oversupply situation, and spot prices are under downward pressure. Looking ahead, as spot transaction prices approach long-term contract prices, the downside room for cobalt intermediate product prices is expected to be limited.