On March 11, the price of electrolytic cobalt surged Yuan 11,066/tonne to Yuan 430,786-431,591/tonne from the previous trading day. However, the prices of cobalt sulfate and cobalt chloride both continued to remain stable at Yuan 95,000/t-98,000/t and 115,000-120,000/t respectively.As for the cobalt sulfate market, downstream NCM precursor industry has been in the traditional off season, only maintaining purchases on rigid demand. In addition, some manufacturers chose to suspend making quotations, some maintained pre-holiday price levels. And a small number of manufacturers were offering prices at Yuan 95,000/tonne.