On February 28, the price of electrolytic cobalt remained stable at Yuan 438,900-441,136/tonne from the previous trading day. Meanwhile, the prices of cobalt chloride were flat at 115,000-119,000/t. However, the market price of cobalt sulfate stood at Yuan 95,000/t-99,000/t.Supported by strong raw material costs, major smelters of cobalt sulfate have shown a clear intention to maintain firm prices, with some manufacturers supporting prices as high as Yuan 100,000/tonne. However, actual transactions remained within the range of Yuan 95,000-98,000/t.