On February 25, the price of electrolytic cobalt rose Yuan 4,068/tonne to Yuan 434,245-436,182/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. With strong support from raw material costs, major smelters of cobalt sulfate are showing a clear intention to hold prices firm, keeping the market price for new supplies stable at approximately Yuan 96,000/tonne. The downstream ternary precursor industry has entered its traditional off-season, resulting in procurement being limited to essential needs. Post-holiday, some manufacturers have temporarily suspended making quotations, while others have maintained pre-holiday price levels. A few were offering a price of Yuan 94,500/t (payment upon delivery).