On March 23, the price of electrolytic cobalt declined Yuan 2,727/tonne to Yuan 424,000-427,364/tonne from the previous trading day. In addition, the prices of cobalt sulfate and cobalt chloride kept table at Yuan 95,000/t-98,000/t and 115,000-120,000/t respectively.Under the strong support of raw material costs, mainstream smelters showed a clear intention to hold prices firm for cobalt sulfate, while downstream manufacturers exhibited strong resistance to price increases. As a result, mainstream transaction prices remained around Yuan 93,000/tonne.