Promotions for lead-acid batteries were common during the off-season, while producers remained cautious in their procurement. [SMM Lead-Acid Battery Market Weekly Review]

This week, end-use consumption in the lead-acid battery market remained weak, with dealers focusing on digesting inventories. Meanwhile, the battery sales market saw strong promotional activities, such as the ex-factory price of 48V12Ah e-bike lead-acid battery scrap dropping below 300 yuan per set. On the producer side, due to a reduction in new orders, some companies actively controlled inventories, leading to production cuts or temporary shutdowns. In terms of raw material procurement, lead prices fell last week, prompting most companies to stockpile lead ingots. However, after lead prices rebounded this week, downstream companies' willingness to purchase significantly decreased, with more negotiations in spot transactions. In some regions, primary lead traded at a discount to the SMM 1# lead average price.