On April 7, the price of electrolytic cobalt surged Yuan 8,500/tonne to Yuan 411,227-413,864/tonne from the previous trading day. Moreover, the prices of cobalt sulfate and cobalt chloride continued to remain flat at Yuan 95,000/t-98,000/t and 114,000-119,000/t respectively.Under the strong support of raw material costs for cobalt sulfate, mainstream smelters have shown a clear intention to hold prices firm. However, downstream manufacturers had strong price suppression sentiment, keeping the mainstream transaction price at around Yuan 93,000/tonne. As for the cobalt chloride, the transaction price remained stable at approximately Yuan 115,000/tonne. Some producers used low-priced cobalt sulfate as raw material, while others lacking raw materials have halted production for maintenance. Meanwhile, downstream demand for Co3O4 remains weak, with limited market inquiries. As a result, both market offers and transactions have declined.