On April 15, the price of electrolytic cobalt rose Yuan 2,455/tonne to Yuan 411,273-413,591/tonne from the previous trading day. However, the prices of cobalt sulfate and cobalt chloride declined Yuan 750/tonne and 1,000/tonne respectively to Yuan 94,000-97,500/t and 114,000-119,000/t.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, leading to a slight decline in market offers. The mainstream transaction price remained around Yuan 93,000/tonne. The transaction price of cobalt chloride was stable at approximately Yuan 115,000/tonne. Some producers opted to use low-priced cobalt sulfate as raw materials, while others lacking raw materials have suspended production for maintenance. Meanwhile, downstream buyers have limited purchasing capacity, and market inquiries are few.