On May 26, the market price of electrolytic cobalt declined Yuan 1,909/tonne to Yuan 424,018-427,409/tonne. In addition, the market prices of cobalt sulfate and cobalt chloride remained unchanged at Yuan 92,000/t-95,000/t and 113,000-118,000/t respectively.As for the cobalt chloride market, driven by downstream demand weakness and mounting inventory pressure, small and medium-sized producers have taken the initiative to lower prices to facilitate sales, putting overall market sentiment under strain. As for the cobalt sulfate market, buying appetite in downstream sectors such as ternary precursor materials remained tepid, with most players focusing on destocking. Spot transactions were scarce. Despite cost support from the upstream segment, prices continued to face pressure due to sluggish demand. Considering that downstream demand is unlikely to recover significantly in the short term, market sentiment remains strongly wait-and-see.