On April 23, the price of electrolytic cobalt declined Yuan 1,045/tonne to Yuan 407,173-409,136/tonne from the previous trading day. Moreover, the prices of cobalt sulfate and cobalt chloride continued to remain flat 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 Supported firmly by raw material costs, mainstream cobalt sulfate smelters showed a clear intention to hold prices firm. However, downstream manufacturers exhibited strong resistance to high prices, leading to slight declines in quotations from small and medium-sized smelters. The mainstream transaction price remained around Yuan 93,000/tonne, and that of cobalt chloride was at approximately Yuan 115,000/tonne. The downstream Co3O4 sector has weak purchasing capacity, coupled with shrinking end-user orders, resulting in few market inquiries. Therefore, market quotations have moved lower.