SMM

        This week, end-use consumption in the lead-acid battery market showed mediocre performance, and the sales promotions atmosphere in the battery wholesale market remained unchanged. For instance, the wholesale prices of the main model of automotive battery, 6-QW-60Ah, ranged from 180 to 260 yuan per unit. After the Labour Day holiday sales promotions in the e-bike battery market ended, some dealers have reduced their promotional efforts for batteries. For example, the wholesale price of the main model, 48V12Ah, has rebounded to above 300 yuan per set. On the producer side, most companies maintained a produce-based-on-sales strategy, with limited procurement of raw lead. In particular, as SHFE lead prices approached 17,000 yuan per tonne, downstream enterprises primarily purchased lead through long-term contracts, resulting in weak spot lead market transactions.