On January 29, the price of electrolytic cobalt moved up Yuan 5,364/t to Yuan 443,000-445,182/tonne from the previous trading day. However, the prices of cobalt sulfate and cobalt chloride continued to be stable at Yuan 95,500/t-98,500/t and 115,000-119,000/t respectively.Yesterday, cobalt sulfate market demand remained sluggish, with subdued trading activity. Producer quotations held steady, while downstream inquiries included firm bids around Yuan 92,000/tonne. However, the gap between buyer offers and seller expectations remained too wide, leading to a market deadlock.