On March 3, the price of electrolytic cobalt slumped Yuan 21,995/tonne to Yuan 414,564-415,636/tonne from the previous trading day. Moreover, the prices of cobalt chloride and cobalt sulfate continued to be stable at 115,000-119,000/t and 95,000/t-99,000/t respectively.In the cobalt sulfate market, the downstream ternary precursor industry has entered its traditional off-season, with procurement limited to essential needs only. After the Chinese New Year holiday, some manufacturers have temporarily refrained from making quotations, while others have maintained their pre-holiday quotes. A small number of manufacturers were offering prices at Yuan 95,000/tonne.