SMM5 March 19: electric bicycle battery market replacement demand is general, the major brands maintain sales promotion, dealer sales pressure is greater, the current main model 48v20Ah at 350 Mel 380 yuan / group.
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![LME lead narrows losses & SHFE lead holds lower bound in night session, lead prices consolidate on a weak note [SMM Lead Morning Update]](https://imgqn.smm.cn/usercenter/ojSqv20251217171720.jpeg)
![Downstream stockpiling on dips begins; lead prices consolidate at low levels on a weak note [SMM Lead Morning Meeting Summary]](https://imgqn.smm.cn/usercenter/XMxKT20251217171720.jpeg)

