On March 2, the price of electrolytic cobalt moved down Yuan 2,923/tonne to Yuan 436,464-437,727/tonne from the previous trading day. In addition, the prices of cobalt chloride and cobalt sulfate continued to remain flat at 115,000-119,000/t and 95,000/t-99,000/t respectively.China's cobalt sulfate and cobalt chloride market has shown signs of price softening after the CNY holiday, but no transactions have been made yet, with only inquiries taking place. With market prices temporarily stable, attention is now on transaction activity in the near term. On the cost side, raw material prices remained at high levels, prompting smelters to maintain elevated quotations, with cobalt sulfate prices stabilizing at around Yuan 96,000/tonne.