On July 23, the market price of electrolytic cobalt remained stable at Yuan 342,409-346,182/tonne. Meanwhile, the market price of cobalt chloride continued to be flat at Yuan 100,000-102,000/t, while that of cobalt sulfate declined Yuan 1,500/tonne to Yuan 81,000/t-83,000/t.Yesterday, the cobalt sulfate and cobalt chloride markets exhibited a weak consolidation pattern overall, characterized by stable to slightly lower prices and subdued trading activity.On the demand side, currently in the traditional off-season for the industry, downstream enterprises (such as ternary material producers and 3C electronics manufacturers) are operating at lower rates, with limited purchasing appetite. Transactions are mainly small-lot deals, and there is a lack of momentum for active restocking.