On April 21, the price of electrolytic cobalt declined Yuan 727/tonne to Yuan 410,764-412,636/tonne from the previous trading day. At the same time, the prices of cobalt sulfate and cobalt chloride decreased Yuan 1,250/tonne and 1,000/tonne respectively to Yuan 93,000/t-96,000/t and 113,000-118,000/t individually.Supported strongly by raw material costs, mainstream cobalt sulfate smelters had a clear intention to hold prices firm. However, downstream manufacturers showed strong resistance to high prices, leading to slight declines in offers from small and medium-sized plants. The mainstream transaction price remained around Yuan 93,000/tonne. For cobalt chloride, the transaction price was stable at approximately Yuan 115,000/tonne. Downstream Co3O4 buyers have weak purchasing capacity, and coupled with shrinking end-user orders and limited market inquiries, market quotations have moved lower.