On May 19, the market price of electrolytic cobalt rose Yuan 4,514/tonne to Yuan 424,436-427,409/tonne. In addition, the market prices of cobalt sulfate and cobalt chloride continued to remain stable at Yuan 92,000/t-95,000/t and 113,000-118,000/t respectively.The overall trading atmosphere in the cobalt chloride market was moderate. Downstream Co3O4 enterprises had limited acceptance of high prices, leading to insufficient demand follow-through, resulting in generally subdued trading activity.The cobalt sulfate market is caught in a stalemate, where both upward and downward price movements face significant resistance. Smelters, supported by raw material costs, showed a strong willingness to hold prices firm. However, downstream ternary precursor (NCM) manufacturers had limited acceptance of high prices and made purchases only on rigid-demand. And some small-batch transaction prices even fell below Yuan 90,000/tonne.