On April 20, the price of electrolytic cobalt rose Yuan 1,064/tonne to Yuan 411,264-413,591/tonne from the previous trading day. In addition, the prices of cobalt sulfate and cobalt chloride continued to remain unchanged at Yuan 94,000/t-97,500/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 maintain firm prices. However, downstream manufacturers are exerting strong pressure for price reductions, leading to a slight decline in market quotations. The mainstream transaction price remained around Yuan 93,000/tonne, and that of cobalt chloride was stable at approximately Yuan 115,000/tonne. Some producers have chosen low-priced cobalt sulfate as raw materials, while others facing raw material shortages have suspended production for maintenance. Meanwhile, the downstream demand for Co3O4 remained weak, with limited market inquiries.