For lithium carbonate, though the futures price closed last Friday February 27 with mild cut, the top-tier lithium carbonate brands were mostly quoted with premiums. On the demand end, the top-tier LFP plants mostly reported strong orders. But the procurement of raw materials was slowed by high lithium prices and sufficient stockpiling before the holiday. Overall, destocking was observed across the industry chain during the CNY holiday, offering support to lithium prices besides overseas supply disruptions.