SMM

SMM reported on May 6: Dealers in Zhejiang region reflected that the replacement demand for automotive batteries was weak, and retailers were cautious in purchasing. Currently, the inventory of finished batteries is nearly 2 months. The wholesale price of the main model 6-QW-60Ah is 190-210 yuan per unit. Manufacturers in Jiangxi region reported that the demand for automotive batteries was sluggish, and there was no significant improvement in finished product orders. To reduce inventory pressure, the factory took a 7-day holiday during the Labour Day holiday. The factory resumed operations today, and short-term battery production will mainly consume the previous lead ingot inventory. Manufacturers in Hubei region reported that the automotive battery market is in the off-season, and dealers are cautious in purchasing. At the same time, vehicle matching orders are also limited. Currently, the factory operating rate is around 90%, and raw material lead is mainly purchased through long-term contracts.

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