SMM February 2: Dealers in Shanxi reported sluggish consumption of e-bike lead-acid batteries, with slow inventory digestion. Current inventories are around one month's worth, and there will be no additional stockpiling before the holiday. The selling price in the wholesale market remains unchanged, for example, the main model 48V20Ah is priced at 400-410 yuan per set. Manufacturers in Zhejiang noted that the overall demand for electric batteries was weak, with limited pre-holiday stockpiling by dealers and high battery inventories. The current operating rate of factories is maintained at around 70%, and raw material lead is mainly used to digest inventories. Producers in Jiangxi also observed weak consumption in the e-bike battery market, especially a decline in demand for complete vehicle sets, which dragged down battery orders. With the Chinese New Year holiday approaching, the factory plans to start the holiday early, making this week the last production week before the holiday. The factory has already completed its pre-holiday stockpiling of lead ingots.
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