SMM

SMM May 21 report: Dealers in Hubei region reported that the automotive battery market was sluggish, with battery supplies being difficult to sell. Currently, the battery inventory has been held for over one and a half months. Additionally, with other similar brands implementing sales promotions, there is significant competitive pressure. Currently, the wholesale price for the main model 6-QW-45Ah is 170-200 yuan per unit. Manufacturers in Henan region reported that the overall demand in the automotive battery market was average, with limited demand for new vehicle accessories and export obstacles. Currently, the factory's operating rate is around 70%, and raw material lead is being purchased as needed. Manufacturers in Zhejiang region reported that the replacement demand in the automotive battery market was sluggish, with dealers showing poor enthusiasm for purchases. Additionally, the inventory of finished batteries is relatively high. Currently, the factory's production line operating rate is maintained at 80%, and short-term long-term contracts for lead ingots are sufficient to meet production needs, with no need for spot orders to supplement.

》Order to view historical SMM metal spot prices