This week, cobalt salt prices remained stable. Supply side, affected by the Chinese New Year holiday and weakened market demand, some smelters experienced production cuts, leading to a reduction in supply. Demand side, early restocking was mostly completed, and market inquiries and transactions were relatively sluggish. Due to the inactive market trading atmosphere, prices remained temporarily stable. It is expected that next week, spot prices may remain in a stalemate, but small producers might slightly lower prices due to sales pressure.
SMM New Energy Research Team
Cong Wang 021-51666838
Rui Ma 021-51595780
Disheng Feng 021-51666714
Ying Xu 021-51666707
Yanlin Lü 021-20707875
Yujun Liu 021-20707895
Xiaodan Yu 021-20707870
Zhicheng Zhou 021-51666711
