Last week, spot price for cobalt intermediates remained flat at $25.8/lb-$26.0/lb. Market liquidity was extremely scarce, with no new transactions concluded. The only recent transaction was finalized at $25.8/lb, while current offers are holding at $26.0/lb. Shipments of cobalt intermediates from the Democratic Republic of Congo (DRC) continue to experience delays, and market participants anticipate no significant improvement in shipping schedules during March. Currently, a small batch of concentrated arrivals is expected in late April, with a notable increase in volumes anticipated in May and June. Due to the tight supply conditions in March and April, the magnitude of price increases was constrained by limited transaction volumes.In addition, the MHP payable indicator was raised by 1-2% to 91%- 92% for deliveries scheduled in April. Issues related to sulfur have introduced uncertainty in MHP supply in Q2, prompting producers to cancel quarterly long-term agreements.