Battery Market Promotions Continue, Downstream Enterprises Purchase Lead Ingots as Needed [SMM Lead-Acid Battery Market Weekly Review]

       Recently, end-use consumption in the e-bike and automotive battery markets showed no significant improvement. Dealers maintained purchasing as needed, and the wholesale battery market was awash with sales promotions. Among them, the wholesale price of the main e-bike battery model 48V20Ah remained at 360-390 yuan per unit. In the automotive battery market, some brands launched promotions such as "buy-one-get-one-free" to drive dealer procurement, but overall market consumption remained weak. On the producer side, most enterprises maintained producing based on sales and purchased lead ingots as needed. At the beginning of the week, lead prices fell sharply, stimulating some enterprises to restock at low levels. As lead prices subsequently rebounded, the purchasing enthusiasm of downstream enterprises weakened again, and the market reverted to just-in-time procurement. Trading in the spot market was mediocre.