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Cobalt Daily: Cobalt salts remain in weak bottoming phase as price decline moderates

Source: Mysteel Oct 29, 2026 08:59
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Cobalt Demand Price Supply
Yesterday, the cobalt chloride and cobalt sulfate markets continued their weak downward trend, but the pace of decline in the cobalt salt segment slowed compared with the previous trading day, contrasting with the accelerated catch-up decline in electrolytic cobalt. The direct reason for this divergence lies in the different transmission rhythms on the cost and inventory sides. In detali, in-transit cargoes from the DRC arrived at ports in a concentrated manner, cobalt intermediate payables continued to move downward, and the catch-up downside pressure on cobalt metal was released in a concentrated fashion. Meanwhile, after successive deep corrections, cobalt salt quotations have approached the cash cost line of some enterprises that purchase feedstock externally, and their willingness to hold back sales and cut production has increased, while their willingness to make further substantial price concessions has weakened.

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