This week, the lead-acid battery market basically resumed normal trading. After logistics recovered, dealers gradually restocked as needed. Both the e-bike and automotive battery markets showed post-holiday restocking momentum, but lead prices struggled to rise, and selling prices in the battery wholesale market remained unchanged for the time being. In addition, on the producer side, lead-acid battery enterprises gradually resumed lead ingot procurement after the holiday. However, due to lead ingots stored before the holiday or long-term contract pre-sales, downstream enterprises had limited short-term replenishment purchases of spot orders, and the improvement in trading activity in the spot lead market was also limited.


![SMM Primary Lead Smelter Weekly Operating Rate (April 24-30, 2026) [SMM Primary Lead Operating Rate Weekly Review]](https://imgqn.smm.cn/usercenter/bAjSC20251217171721.jpg)
