Since April, the lead-acid battery market has shown off-season trends. Dealers were cautious in procurement, and orders for producers generally pulled back compared to March. Even though lead prices held up well recently, selling prices in the battery wholesale market struggled to catch up, with some regions even showing tendencies toward price cuts and sales promotions. On the producer side, after lead prices rose, factories produced based on sales and reduced non-just-in-time procurement. Some enterprises only made purchases through long-term contracts, and trading activity in the lead spot market was poor.
![Macro Situation Changes Frequently; Fundamentals Remain Firm: Subsequent Lead Prices May Dip and Then Rebound [SMM Lead Market Weekly Forecast]](https://imgqn.smm.cn/usercenter/mIbTL20251217171721.jpg)
![Lead prices weaken, raw material costs stay firm, and smelter losses continue [SMM Secondary Refined Lead Weekly Review]](https://imgqn.smm.cn/usercenter/xVgcv20251217171721.jpg)
![Multiple Factors Drive Significant Decline in Primary Lead Enterprise Inventory [SMM Primary Lead Inventory Weekly Review]](https://imgqn.smm.cn/usercenter/bAjSC20251217171721.jpg)
