Nanhua Futures(SH:603093) Jin Tou Wang·2026-02-09 06:06Group 1 - The domestic futures market for non-ferrous metals showed significant gains on February 9, with lithium carbonate futures experiencing high volatility, closing at 136,780.0 CNY/ton, an increase of 3.39% [1] Group 2 - On February 9, the market price range for high-quality lithium carbonate was between 135,600 and 139,200 CNY/ton, up by 3,950 CNY from the previous working day. Battery-grade lithium carbonate ranged from 134,200 to 139,200 CNY/ton, increasing by 4,200 CNY, while industrial-grade lithium carbonate was priced between 131,500 and 136,500 CNY/ton, up by 4,500 CNY [2] Group 3 - Supply side analysis indicated that lithium salt plants began maintenance in February, leading to a decrease in production. As of the week ending February 6, the weekly production of lithium carbonate was 20,744 tons, a decrease of 825 tons week-on-week, while weekly inventory stood at 105,463 tons, down by 2,019 tons [2] Group 4 - Demand analysis revealed that downstream material manufacturers reported an overall price decline, with phosphate iron lithium prices changing by -11.97%, ternary material prices by -3.69%, hexafluorophosphate lithium by -11.58%, and electrolyte prices by -5.84%. The terminal battery cell market saw a price increase of 0.95% [2] Group 5 - Looking ahead, it is expected that social inventory will continue to decrease, maintaining strong reality. However, the demand for pre-holiday stocking has largely been released, reducing support for the market before the Spring Festival. It is anticipated that lithium carbonate will experience fluctuations and adjustments, with recommendations to wait for stabilization before making low-position investments or employing a dual-sell options strategy [2]