SMM

        This week, end-use consumption in the lead-acid battery market remained relatively stable. Due to expectations for the traditional peak season, production enthusiasm among lead-acid battery enterprises was moderate, and their procurement of lead ingots exceeded expectations, resulting in moderate activity in the spot market for lead. In the battery wholesale market, lead prices hovered at highs, with dealers purchasing as needed, and selling prices in the wholesale market showed no significant changes. Additionally, e-bike trade-in subsidies in regions such as Hunan will be suspended in late October; subsequent changes in end-use consumption for such batteries warrant attention.