SMM

        This week, the replacement demand in the lead-acid battery market showed mediocre performance, with dealers maintaining a purchasing-as-needed approach. Battery inventories remained relatively high, while the selling prices in the wholesale market exhibited a downward trend. For instance, the main model of automotive batteries, 6-QW-45Ah, was priced at 160-200 yuan per unit, with some as low as 145 yuan per unit. Producers adhered to a produce-based-on-sales strategy. Although the lead price fluctuations were relatively small this week, SHFE lead made several attempts to break through the 17,000-yuan threshold. Downstream enterprises remained cautious about procuring "high-priced lead."