SMM

        Recently, as lead prices rose, production costs for lead-acid battery producers increased. Some lead-acid battery producers began notifying customers of price hikes, with certain large automotive battery enterprises planning to raise selling prices by about 10 yuan per unit. Dealers purchased as needed ahead of the price increase, while end-use consumption remained sluggish, leading to limited stockpiling by dealers. Producers adopted a produce-based-on-sales strategy. Additionally, production resumed at some medium-to-large lead-acid battery enterprises this week, which purchased lead ingots as needed. Trading activity in the lead spot market improved significantly WoW.