On May 20, the market price of electrolytic cobalt rose Yuan 1,000/tonne to Yuan 425,436-428,409/tonne. Moreover, the market prices of cobalt sulfate and cobalt chloride continued to be flat at Yuan 92,000/t-95,000/t and 113,000-118,000/t respectively.The overall trading atmosphere in the cobalt chloride market remained subdued, as downstream Co3O4 enterprises adopted a cautious procurement approach, resulting in insufficient demand follow-through. The cobalt sulfate market has fallen into a stalemate, marked by a tug-of-war between cost support and limited downstream acceptance of high prices, with sporadic small-lot transactions occurring at slightly lower prices.