Weak consumption and struggling to rise in battery selling prices, downstream enterprises are cautious about raw material procurement [SMM Lead-acid Battery Market Weekly Review]

        This week, the consumption performance in the e-bike and automotive battery markets was average. In particular, e-bike lead-acid battery dealers stockpiled significantly in July and have recently focused on digesting inventories. The price hike atmosphere in the battery wholesale market has gradually dissipated, with the main model 48V20Ah quoted at 380-420 yuan/set. Regarding raw material procurement by producers, lead prices held up well during the week, with SHFE lead once approaching the 17,000 yuan/mt mark. Downstream enterprises were cautious in their procurement, with some enterprises making just-in-time procurement after lead prices pulled back relatively in the second half of the week. Trading activity in the lead spot market weakened compared to last week.