On March 12, the price of electrolytic cobalt decline Yuan 2,011/tonne to Yuan 428,764-429,591/tonne from the previous trading day. In addition, the prices of cobalt sulfate and cobalt chloride continued to be flat at Yuan 95,000/t-98,000/t and 115,000-120,000/t respectively.In terms of the cobalt sulfate market, downstream NCM precursor industry has been in the traditional off season, only maintaining purchases on rigid demand. Moreover, 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.