SMM

        This week, there has been no improvement in the replacement consumption of lead-acid batteries for e-bikes, cars, and other applications in the market. Dealers have been frequently conducting sales promotions, and the inventory of some dealers has declined compared to April. However, facing the June market, most dealers remain cautious and are only purchasing batteries as needed. On the producer side, lead-acid battery enterprises have maintained a state of producing based on sales. Due to relatively high finished product inventories, some enterprises plan to take holidays during the Dragon Boat Festival to reduce inventories. As a result, downstream enterprises showed poor enthusiasm for purchasing lead ingots before the festival. It was not until Friday, when the spot lead price fell below 16,500 yuan/mt, that a small number of enterprises made purchases as needed, and spot trades improved relatively.