SMM

SMM2 7 News: Dealers in Zhejiang reported that after returning from the Chinese New Year holiday, stores have resumed normal operations. However, end-use consumption in the electric bicycle lead-acid battery market remains average. Currently, battery sales are mainly focused on clearing inventory, with the wholesale price of the main model 48V20Ah remaining at 420 yuan/unit. Manufacturers in Jiangsu reported that demand in the electric bicycle lead-acid battery market is relatively weak, and there has been no improvement in battery orders. Factories resumed operations as planned today, but due to a limited number of workers returning, battery production is still in the process of gradual recovery. Manufacturers in Jiangxi reported that after the Chinese New Year holiday, factories resumed operations on February 4. However, post-holiday demand in the electric bicycle lead-acid battery market remains sluggish, with sales and production primarily focused on clearing inventory. Lead ingot inventory is expected to last until next week.