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【SMM Analysis】The spot price of cobalt sulphate remains stable, with a strong sentiment of market watchfulness.
Apr 24, 2025, at 6:20 am
SMM Analysis: Cobalt Sulphate Spot Prices Remain Stable, Market Sentiment Cautious
This week, cobalt sulphate spot prices remained stable. Supply side, some cobalt salt producers experienced slight shortages of raw materials, leading to a slight increase in offer prices due to reluctance to sell, but actual transactions did not show significant improvement. Demand side, downstream producers generally adopted a wait-and-see attitude towards new supplies from salt producers, with some companies still digesting old social inventories. It is expected that in the coming week, short-term supply and demand conditions will not see significant improvement, and cobalt sulphate spot prices may continue to fluctuate.
This week, the spot price of cobalt sulphate remained stable. Supply side, some cobalt salt producers experienced slight shortages of raw materials, leading to a slight increase in offer prices due to reluctance to sell, but actual transactions did not show significant improvement. Demand side, downstream producers generally adopted a wait-and-see attitude towards new supplies from salt plants, with some companies still digesting old social inventories. It is expected that the short-term supply and demand situation will not see significant improvement next week, and the spot price of cobalt sulphate may continue to fluctuate.
