On November 19, the price of electrolytic cobalt rose Yuan 500/t to Yuan 392,000-415,000/tonne from the previous trading day. However, the prices of cobalt sulfate and cobalt chloride remained stable at Yuan 86,000-93,000/tonne and 103,000-110,000/tonne respectively. The cobalt sulfate market has recently experienced relatively subdued downstream demand, putting pressure on the sales of cobalt salts. However, with cobalt raw material prices remaining high, smelters were also unable to lower their prices, leading to a stalemate between buyers and sellers. Downstream purchases were primarily price-sensitive, with restocking driven mainly by essential needs. Against the backdrop of gradually tightening raw material supply, cobalt sulfate still retains long-term upward momentum.