On January 7, the price of electrolytic cobalt declined Yuan 997/tonne to Yuan 460,350-463,100/tonne from the previous trading day. Moreover, the price of cobalt sulfate moved up Yuan 1,000/t to Yuan 93,000/t-96,000/t, while that of cobalt chloride remained stable at 113,000-117,000/t.The cobalt sulfate market has seen subdued trading activity recently. Currently in a seasonally low demand period, downstream buyers became more cautious in their procurement, focusing primarily on inventory drawdown. However, with persistent tightness in raw material supply and sustained high prices, cobalt sulfate smelters are facing significant cost pressure. Consequently, their offers remained firm, with new cobalt sulfate generally quoted around Yuan 95,000/t. The price gap between cobalt sulfate produced from different raw materials has narrowed, yet actual transaction volumes are limited.