It is understood that from June 14 to June 20, 2025, the weekly composite operating rate of lead-acid battery enterprises in the five provinces tracked by SMM was 72.82%, up 0.63 percentage points WoW.
As it was mid-to-late June, the off-season trend in the lead-acid battery market showed no significant improvement, with major enterprises maintaining a produce-based-on-sales model. According to traditional practices in previous years, the traditional off-season in the lead-acid battery market from June to July will gradually come to an end, with Q3 being the traditional peak season. Therefore, recently, some e-bike lead-acid battery enterprises have begun to consider building inventory for the traditional peak season, but actual production remains subject to the situation of finished product orders, with production at individual enterprises beginning to recover this week. In addition, lead prices have fluctuated and strengthened recently, approaching the 17,000 yuan/ton threshold, driving up the production costs of batteries. Some lead-acid battery enterprises plan to raise battery selling prices. Attention will be paid to whether the subsequent price increases can bring some increase in orders for enterprises, thereby boosting the rebound in operating rates.
