SMM

SMM reported on August 4: Dealers in Shandong region indicated that end-user consumption in the e-bike lead-acid battery market showed no significant improvement. Due to previous sales promotions on batteries, current battery inventory has dropped to around half a month. Additionally, the flash sale activities for low-priced batteries in the wholesale market have ceased, with the main model 48V20Ah priced at 400-410 yuan per set. In Jiangsu region, manufacturers are approaching the traditional peak consumption season for e-bike lead-acid batteries, with relatively better new orders in August. The current operating rate of factories has recovered to 80-90%, with raw material lead being purchased as needed, primarily through long-term contracts. Manufacturers in Jiangxi region reported slightly better consumption in the e-bike lead-acid battery market, with dealers purchasing as needed. The current operating rate of factories stands at 80-85%. Moreover, lead prices today rebounded after hitting lows, with raw materials being procured only for just-in-time needs.