End-Use Consumption Varies, Battery Enterprises' Lead Ingot Stockpiling Before the Holiday Also Differs [SMM Lead-Acid Battery Market Weekly Review]

Published: Sep 26, 2025 16:16

Save

This week, end-use consumption in the e-bike lead-acid battery market was moderate, with some dealers restocking as needed ahead of the National Day holiday. Meanwhile, lead prices hovered at highs, and expectations of price increases reemerged in the wholesale battery markets of some regions. However, selling prices for batteries remained largely unchanged in most areas, with a few regions even continuing to move products at low prices—for instance, the mainstream model 48V20Ah was priced at 380-410 yuan per unit. The automotive lead-acid battery market performed modestly before the holiday, with dealers purchasing as needed. Coupled with weak export orders, lead-acid battery enterprises showed significantly lower enthusiasm for lead ingot stockpiling ahead of the holiday compared to e-bike lead-acid battery enterprises.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

18 hours ago

Lead Prices Stagnant, Smelters Maintain Firm Offers Amid Losses

Lead prices were in the doldrums, while secondary lead smelters maintained firm offers due to losses. The mainstream spot order ex-factory prices including tax narrowed the discount to the SMM #1 lead average price by 100 yuan/mt, shifting to a premium of 0–25 yuan/mt, with some smelters halting offers and sales.

18 hours ago

"Domestic Secondary Crude Lead Market Slows as Holidays Approach, Smelters Halt Production"

Pre-holiday stockpiling by downstream enterprises had largely concluded, and a few had already entered the holiday period, completely suspending procurement. Next week, secondary lead smelters will enter a concentrated wave of production halts and holidays, resulting in sluggish trading activity in the spot market. Offers for spot refined lead orders were sparse, with prices moving in line with the market.

18 hours ago

Sluggish Transactions in Domestic Secondary Crude Lead Market, Prices at 15,250-15,400 Yuan/mt

The domestic secondary crude lead market experienced sluggish transactions. As of February 6, 2026, the ex-factory tax-exclusive offers for domestic secondary crude lead stood at 15,250-15,400 yuan/mt. Downstream refined lead and alloy smelters gradually entered the holiday period, showing weak stockpiling willingness. Overseas lead ingot suppliers basically halted transactions with China due to poor consumption in the Chinese market, with only some previously concluded shipments maintaining normal in-transit transportation. The trading atmosphere in the secondary crude lead market will continue to weaken next week.

18 hours ago