On February 11, the price of electrolytic cobalt moved up to Yuan 425,400-427,500/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. Supported by strong raw material costs, major smelters of cobalt sulfate demonstrated a clear willingness to hold prices firm, and the comprehensive market price for new cobalt sulfate remained around Yuan 96,000/tonne. The downstream ternary precursor industry has entered its traditional off-season, with procurement limited to essential needs, resulting in a market characterized by frequent inquiries but few concluded transactions.