SMM

        Last week, end-use consumption in the lead-acid battery market remained weak. In particular, as lead prices fell, dealers purchased cautiously. Earlier plans by battery manufacturers to raise prices were abandoned, and it was also difficult to maintain selling prices in the wholesale battery market last week. For example, the main model of e-bike lead-acid batteries, 48V20Ah, was priced at 390–410 yuan per unit. Meanwhile, as the traditional peak season for the automotive battery replacement market approaches, lead-acid battery manufacturers have shown increased production enthusiasm. After the recent decline in lead prices, most enterprises intended to buy the dip. However, as lead prices once fell below the 17,000 yuan mark, downstream enterprises adopted a wait-and-see stance. It was not until Friday, when lead prices stopped falling and rebounded, that some companies proceeded to purchase as needed. Trading activity in the spot lead market improved slightly compared to the beginning of the week.