On April 2, the price of electrolytic cobalt declined Yuan 2,409/tonne to Yuan 417,545-418,864/tonne from the previous trading day. In addition, the prices of cobalt sulfate and cobalt chloride remained flat at Yuan 95,000/t-98,000/t and 114,000-119,000/t respectively.Supported strongly by raw material costs, mainstream smelters of cobalt sulfate showed a clear intention to hold prices firm. However, downstream manufacturers exhibited strong resistance to high prices, keeping the mainstream transaction price stable at around Yuan 93,000/tonne. In addition, the transaction price of cobalt chloride remained steady at approximately Yuan 115,000/tonne. Producers are opting for low-priced cobalt sulfate as a raw material, while some manufacturers lacking raw materials have halted production for maintenance. Meanwhile, the downstream Co3O4 sector has limited purchasing capacity, and market inquiries are scarce. As a result, both market quotations and transaction prices are trending downward