There has been no significant change in end-use consumption. Producers are cautious about purchasing high-priced lead [SMM Weekly Review of Lead-Acid Battery Market]

        This week, there were no significant changes in end-use consumption in the e-bike and automotive battery markets. Dealers only made purchases as needed, especially those who had purchased a large volume of batteries in June, resulting in relatively high inventory levels. Recently, lead prices have shown an upward trend, and market sentiment regarding the future outlook has slightly improved. For instance, first-tier e-bike brand companies have once again issued price increase notices, with the price of a single battery rising by 5 yuan. However, the battery market has ample supply, and the wholesale price of batteries struggles to catch up with the price increase. The wholesale price of the main model, 48V20Ah, is reported to be 380-420 yuan/set. In addition, with factors such as mid-year settlement and inventory checks in June resolved, downstream enterprises have resumed regular purchasing. Coupled with the rise in lead prices, downstream enterprises have increased their focus on raw material costs and are cautious about purchasing high-priced lead. Some of these enterprises intend to accept some heavily discounted cargo, and the trading activity in the lead spot market this week has improved relative to last week.