SMM

        This week, the replacement demand in the lead-acid battery market has been average, with dealers showing low enthusiasm for procurement. Some dealers, due to their large inventory bases, have continued to offer sales promotions on batteries. Recently, lead prices have held up well. For instance, first-tier brands of e-bike lead-acid batteries have announced price hike plans multiple times, and the battery wholesale market has seen a "call for price increases". Some dealers plan to synchronously raise the wholesale prices of batteries, with the main model 48V20Ah priced at 400-430 yuan/set. However, more dealers have expressed difficulties in selling batteries, making it difficult to realize the price increase expectations. Additionally, producers have maintained a produce-based-on-sales model. After lead prices jumped initially and then pulled back during the week, some enterprises purchased batteries on demand at lower prices, mainly focusing on cargoes self-picked up from production sites of primary lead refineries. Regional transactions in the spot market have improved.