According to industry data, China's total battery production for energy storage and power applications in February 2026 decreased by approximately 10.5% month-on-month due to the impact of the Spring Festival, but increased by 50% year-on-year. PriceSeek analyzed lithium carbonate with a bearish-bullish score of -1.5. The article indicates that battery production in February 2026 fell by 10.5% month-on-month, driven by the Spring Festival factor, leading to a short-term weakening in demand for energy storage and power batteries. This exerts downward pressure on the spot price of lithium carbonate, as it is a key raw material for lithium-ion batteries, and reduced demand may suppress spot prices. In the futures market, data from February 2, 2026, shows that the main contract 2605 closed at 132,440 yuan per ton, down 12,440 yuan for the day, with open interest decreasing by 24,903 lots and trading volume remaining high. This suggests that the market has already priced in expectations of weak demand, and the month-on-month decline reinforces short-term bearish sentiment. The 50% year-on-year increase reflects long-term demand resilience, providing some support, but short-term factors dominate. The comprehensive score of -1.5 indicates a generally bearish outlook, as seasonal factors are significant but do not represent a long-term trend reversal.