On June 11, the market price of electrolytic cobalt slumped Yuan 12,436/tonne to Yuan 385,218-388,409/tonne. Moreover, the market prices of cobalt sulfate and cobalt chloride both moved down Yuan 1,000/tonne to 88,000/t-92,000/t and 119,000-114,000/t respectively.From an overall market perspective, downstream demand remained weak. In the cobalt sulfate market, downstream ternary precursor enterprises were purchasing only on a need-to basis. At the same time, there were some low-cost recycled material supplies in the market, which continued to put pressure on prices. In the cobalt chloride market, downstream users were primarily focused on digesting their existing inventories, showing little willingness to procure, resulting in limited overall transaction volumes. In the short term, the cobalt salt market is expected to maintain a weak operating trend.