The cobalt salt market showed an accelerated downward trend last week, with the weekly price declines of various products widening significantly. Last week, the market was stable at first and then declined, with prices remaining stable from Monday to Wednesday, beginning to accelerate downward from Thursday, and the decline widening further on Friday. The supply-demand imbalance in the market continues to intensify. The supply side remains ample, while the demand side is weak. Purchasing willingness in the ternary precursor and 3C consumer electronics sectors remains low, and the substitution effect of lithium iron phosphate (LFP) for ternary batteries continues. Downstream users have mostly maintained need-based procurement, market inquiries have been subdued, and actual transactions have been limited. Overall, no signal of centralized end-use restocking has yet emerged, and the market lacks clear positive guidance.