SMM

SMM September 3 news: Dealers in Jiangxi reported weak end-use consumption in the automotive battery market, with no significant change in battery sales. Finished product inventories remained above two months, while the wholesale price of the main model 6-QW-45Ah dropped to a low of 145 yuan per unit. Manufacturers in Zhejiang noted that the traditional peak season for the automotive battery market performed moderately, with limited improvement in new orders. Last month, factories proactively implemented production cuts for destocking, and the current operating rate has recovered to around 90%. Raw material lead continued to be purchased as needed. Manufacturers in Hebei reported sluggish replacement demand in the automotive battery market, with dealers mostly purchasing as needed. To avoid inventory accumulation, factory operating rates were maintained at around 80%, and raw material lead was primarily procured through long-term contracts.