On April 22, the price of electrolytic cobalt declined Yuan 2,500/tonne to Yuan 408,264-410,136/tonne from the previous trading day. In addition, the prices of cobalt sulfate and cobalt chloride remained stable at Yuan 93,000/t-96,000/t and 113,000-118,000/t individually.Supported by strong raw material costs, mainstream smelters of cobalt sulfate showed a clear intention to hold prices firm. However, downstream manufacturers were strongly inclined to drive prices down, leading to slightly lower offers from small and medium-sized producers. The mainstream transaction price was around Yuan 93,000/tonne and that of cobalt chloride remained stable at approximately Yuan 115,000/tonne. The downstream Co3O4 sector had weak purchasing capacity, compounded by a decline in end-user orders, resulting in fewer market inquiries. Consequently, market offers have moved lower.