SMM

SMM3 March 31: Dealers in Zhejiang reported that the end-use consumption of the e-bike lead-acid battery market is average, and it is difficult to boost battery sales. Currently, batteries are purchased as needed, with inventory levels maintained at around half a month. Additionally, the wholesale price of the main model 48V20Ah is 410-420 yuan per set. Manufacturers in Jiangsu reported that the replacement demand in the e-bike lead-acid battery market has weakened, and new orders have already declined. Meanwhile, the prices of auxiliary materials such as minor metals antimony, tin, and sulphuric acid have risen, increasing cost pressure on batteries. To avoid inventory accumulation, the factory operating rate is maintained at around 80%. Manufacturers in Jiangxi reported that the e-bike lead-acid battery market has entered the off-season, with dealers purchasing cautiously. Factories produce based on sales, with production line operating rates at 70-80%. Additionally, the factory is expected to take a 1-2 day holiday during the Qingming Festival.