On December 22, the price of electrolytic cobalt moved up Yuan 899/tonne to Yuan 411,778-413,556/tonne from the previous trading day. In addition, the prices of cobalt sulfate and cobalt chloride remained stable at Yuan 90,000/t-95,000/t and 108,000-114,000/t respectively.Recently, the cobalt sulfate market has exhibited a pattern of firm prices but reduced trading volume. Raw material supply remains tight with high prices, putting significant pressure on smelters and prompting them to maintain a firm pricing stance. On the demand side, downstream users have adopted a cautious procurement strategy, currently focusing on destocking. Recent transactions for existing inventory have mostly been concentrated above Yuan 88,000/tonne, while quotations for new stocks generally stand above Yuan 90,000/tonne. There remains a significant price discrepancy between buyers and sellers.