On July 22, the market price of electrolytic cobalt increased Yuan 5,000/tonne to Yuan 342,409-346,182/tonne. Moreover, the market price of cobalt chloride continued to remain stable at Yuan 100,000-102,000/t, while that of cobalt sulfate declined Yuan 2,000/tonne to Yuan 83,000/t-84,000/t.Yesterday, the cobalt chloride and cobalt sulfate markets broadly exhibited a weak consolidation pattern, characterized by stable prices and thin trading activity. In the absence of any significant positive catalysts, sluggish downstream demand remained the primary factor suppressing prices.On the demand side, the market is currently in a seasonal off-season, with operating rates at downstream enterprises-including ternary material producers, 3C electronics manufacturers, and cemented carbide makers-trending lower, leading to subdued purchasing appetite. Trading was largely confined to small orders, and there was a general lack of proactive restocking momentum.