SMM

        Since late October, lead prices have generally held up well, leading to increased costs for lead materials. Several lead-acid battery enterprises have expressed intentions to raise battery selling prices. At the beginning of the month, automotive battery enterprises had already notified about price increases. This week, e-bike lead-acid battery enterprises also issued notices stating that if lead prices remain high, they are expected to raise battery selling prices in mid-to-late November, with an estimated increase of 10 yuan per set. Additionally, due to the significant rise in lead prices this week, lead-acid battery enterprises generally suspended spot order purchases, with most adopting a wait-and-see approach. Trading activity in the spot lead market declined, with some transactions occurring as traders purchased and shipped to delivery warehouses.