[SMM Weekly Review: Cobalt Intermediate Product Prices Dropped Slightly This Week] Cobalt intermediate product prices declined slightly this week. Supply side, current port arrivals remain steady, and spot supply is sufficient. Demand side, downstream cobalt smelters showed reduced willingness for just-in-time procurement, leading to limited overall trading volume. Considering the overall market situation, the market is currently in an oversupply condition, putting pressure on spot prices to decline slightly.
This week, cobalt intermediate product prices slightly declined. Supply side, current port arrivals remain steady, and spot supply is sufficient. Demand side, downstream cobalt smelters' willingness for just-in-time procurement has decreased, and overall trading volume is relatively limited. Considering the overall market situation, the market is currently in an oversupply state, leading to slight downward pressure on spot prices.
