[SMM Weekly Review] Cobalt Intermediate Product Prices Remained Stable This Week

Dec 26, 2024, at 4:17 pm

[SMM Weekly Review: Cobalt Intermediate Product Prices Remained Stable This Week] Cobalt intermediate product prices remained stable this week. Supply side, current port inventory is sufficient. Demand side, cobalt smelters face high costs, and demand for finished cobalt products is weak, leading to low willingness for raw material stockpiling. Market-wise, the raw material market is relatively calm, with spot prices showing little fluctuation. Looking ahead, as the surplus in the forward market is already certain, cobalt intermediate product prices are unlikely to rise.

This week, cobalt intermediate product prices remained stable. Supply side, current port inventory is sufficient. Demand side, cobalt smelters face high costs, and demand for finished cobalt products is weak, leading to low willingness for raw material stockpiling. Market-wise, the raw material market is relatively calm, with spot prices showing little fluctuation. It is expected that in the future, due to the confirmed surplus in the forward market, cobalt intermediate product prices are unlikely to rise.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Ye Yuan 021-51595792

Disheng Feng 021-51666714

Ying Xu 021-51666707

Yanlin Lü 021-20707875

Yujun Liu 021-20707895

Xiaodan Yu 021-20707870

Zhicheng Zhou 021-51666711

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