SMM

        This week, there were no significant changes in end-use consumption in the e-bike and automotive battery markets. Dealers generally maintained a purchasing as needed model, and large enterprises resumed normal production after the Dragon Boat Festival holiday. Among them, the wholesale market for e-bike batteries was generally concerned about whether the price increases of first-tier brands would be implemented. Dealers were eagerly waiting to see, with battery inventories ranging from 7 to 30 days. Meanwhile, the automotive battery wholesale market was still in a sales promotions atmosphere, with dealers struggling to sell their inventories and holding a pessimistic sentiment about the future market. On the producer side, as lead prices gradually rose, lead-acid batteries maintained a purchasing as needed model and, during periods of insufficient secondary lead supply, opted more for primary lead. Spot transactions in South China relatively improved.