On November 11, the price of electrolytic cobalt were flat at Yuan 389,000-415,000/tonne from the previous trading day. Meanwhile, the price of cobalt sulfate and cobalt chloride remained unchanged at Yuan 86,000-93,000/tonne and 103,000-110,000/tonne individually. The cobalt sulfate market was experiencing sluggish trading, yet smelters' quotations remained firm due to support from raw material costs. Currently, new stock was generally quoted at around Yuan 88,000/t, while lower-nickel old stock was priced at approximately Yuan 83,000-84,000/t, and higher-nickel stock at about Yuan 80,000-83,000/t. Against the backdrop of gradually tightening raw material supply, cobalt sulfate retains potential for long-term upward momentum.