SMM

        After the holiday, end-use consumption in the lead-acid battery market varied significantly. Consumption in the e-bike lead-acid battery market performed poorly, with dealers holding high finished product inventories and enterprises showing moderate production enthusiasm. In contrast, consumption in the automotive lead-acid battery market performed moderately, with production at some medium and large enterprises stable or increasing. Faced with high lead prices after the holiday, lead-acid battery enterprises generally suspended or reduced procurement, with only a few conducting essential restocking. Trading activity in the lead spot market improved slightly compared to pre-holiday levels, but only relative to the period around year-end when downstream enterprises close their accounts, conduct inventory checks, or take holidays.