On February 6, the price of electrolytic cobalt declined Yuan 1,937/tonne to Yuan 408,955-410,500/tonne from the previous trading day. However, the prices of cobalt sulfate and cobalt chloride continued to remain stable at Yuan 95,500/t-98,500/t and 115,000-119,000/t respectively. Supported by firm raw material costs, major smelters had a clear willingness to maintain prices for cobalt sulfate, with the market's consolidated price for new stocks holding steady at around Yuan 96,000/tonne. Downstream, the ternary precursor sector has entered its traditional off-season, maintaining only essential procurement, which has resulted in many market inquiries but few actual transactions.