After the holiday, lead-acid battery enterprises gradually resumed production. However, the off-season trend in the battery market remained unchanged, and downstream enterprises were generally in a state of production cuts, so post-holiday restocking demand for lead ingots was relatively limited. Meanwhile, lead prices trended stronger this week, with SHFE lead briefly touching the 17,000 mark, which discouraged some restocking demand, and spot market transactions were sluggish. In addition, in the battery wholesale market, dealers saw limited inventory digestion during the Labour Day holiday, and there was no significant restocking demand after the holiday either.
High Lead Prices After the Holiday "Discouraged" Lead-Acid Battery Enterprises from Restocking [SMM Lead-Acid Battery Market Weekly Review]
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