On February 3, the price of electrolytic cobalt moved down to Yuan 410,800-412,500/tonne from the previous trading day. In addition, 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 purchasing willingness. While the electrolytic cobalt futures market continued to experience slight upward adjustments, and market inquiries were relatively frequent, actual orders remained scarce. Supported by raw material costs, cobalt sulfate producers maintained steady quotations with little intention to reduce prices for sales. Both buyers and sellers remained in a stalemate, leading to minimal market transactions.