On November 10, the market price of electrolytic cobalt remained unchanged at Yuan 260,727-263,909/tonne. In addition, the market prices of cobalt chloride and cobalt sulfate both moved up Yuan 1,000/tonne to 55,000-57,000/tonne and Yuan 42,000/t-46,000/tonne respectively.Yesterday, quotations for cobalt chloride and cobalt sulfate both edged up modestly, driven by the strength in electrolytic cobalt. However, the spot market exhibited a pronounced quoted but untraded pattern. Smelters, supported by costs, held firm on their offers, while downstream buyers showed strong resistance to high prices. Actual transactions were concentrated in the lower price range, and large bulk orders were scarce. In the short term, cobalt salt prices remain supported on the cost side, but if downstream transactions continue to fail to follow through, further upside in quotations may be constrained.