SMM

SMM April 24 News: Dealers in Jiangxi reported sluggish end-use consumption in the automotive battery market, with slow inventory digestion. Current battery inventory is around two months, and the main model 6-QW-45Ah is priced at 170-190 yuan per unit. Manufacturers in Guangdong reported weak consumption in the automotive battery market, with dealers showing low purchasing enthusiasm. To alleviate inventory buildup pressure, the current factory operating rate is 60-70%. Additionally, as lead prices strengthen, raw material lead is temporarily not being considered for purchase. Manufacturers in Hebei reported overall average demand in the automotive battery market, coupled with weak export orders. Currently, factories are producing based on sales, with production line operating rates around 75%, and raw material lead is being purchased as needed.

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