On February 1, the price of electrolytic cobalt declined Yuan 5,636/t to Yuan 406,455-411,000/tonne from the previous trading day. Moreover, the prices of cobalt sulfate and cobalt chloride continued to be flat at Yuan 95,500/t-98,500/t and 115,000-119,000/t respectively.Cobalt Sulfate Market: Before the Chinese New Year, downstream enterprises showed weak procurement interest. Electrolytic cobalt futures halted their decline, but downstream inquiries remained sluggish. Supported by raw material costs, cobalt sulfate producers were holding their quotes steady with little willingness to lower prices for sales. Both buyers and sellers are at a stalemate, resulting in minimal market transactions.