On January 9, the price of electrolytic cobalt was flat at Yuan 455,350-458,100/tonne from the previous trading day. At the same time, the prices of cobalt sulfate and chloride remained both remained unchanged at Yuan 93,500/t-97,500/t and 113,000-117,000/t respectively.Cobalt sulfate smelters are facing significant cost pressure, maintaining firm offers with new material generally quoted around Yuan 95,000/t. However, large-volume transactions above Yuan 95,000/t were limited due to weak downstream demand. Moreover, small-volume chemical orders have been concluded at Yuan 97,00098,000/t.