SMM

SMM News on July 2: Dealers in Hunan reported that end-use consumption in the automotive battery market was sluggish, with slow digestion of battery supplies. Meanwhile, the automotive battery wholesale market maintained a promotional atmosphere, with the main model 6-QW-45Ah priced at 160-180 yuan per unit. Manufacturers in Hebei reported that replacement demand in the automotive battery market was sluggish, and there had been no significant improvement in battery orders in July. To avoid inventory accumulation, the current factory operating rate was around 80%, with raw material lead primarily purchased through long-term contracts. Manufacturers in Zhejiang reported that demand in the automotive battery market was average, with dealers mostly purchasing as needed. After production cuts and destocking in June, the factory's production line operating rate had recovered to over 90%.

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