On March 18, the price of electrolytic cobalt moved up Yuan 1,745/tonne to Yuan 424,000-425,136/tonne from the previous trading day. However, the prices of cobalt sulfate and cobalt chloride still remained stable at Yuan 95,000/t-98,000/t and 115,000-120,000/t respectively.Supported by robust raw material costs, cobalt sulfate smelters have shown a clear intention to maintain prices. However, downstream manufacturers were strongly inclined to drive prices down. As a result, the mainstream transaction price for cobalt sulfate remained stable at Yuan 94,000/tonne.