Month-End Downstream Enterprises Cut Production and Take Holidays, Spot Lead Market Trading Sluggish [SMM Lead-Acid Battery Market Weekly Review]

       This week, lead-acid battery end-use market demand remained sluggish, and dealers mainly focused on digesting inventories, with producers' orders showing no significant signs of improvement. Meanwhile, affected by recent hot weather, some lead-acid battery enterprises cut production and took holidays; compounded by the approaching month-end, downstream enterprises' procurement demand for lead ingots further weakened. During the week, lead prices drifted lower. Although lead prices once pulled back to around 15,500 yuan/mt, downstream enterprises still mainly made just-in-time procurement, and trading volume in the spot market dropped significantly WoW.