SMM

SMM September 22: Dealers in Jiangxi reported sluggish replacement demand in the automotive battery market, with slow inventory digestion. Current inventory remains at around two months. The main model 6-QW-45Ah is priced at 150-170 yuan per unit. Manufacturers in Hebei reported overall sluggish demand in the automotive battery market, with dealers purchasing cautiously and limited orders from OEMs. The current operating rate of production lines is around 80%, and raw material lead is mainly procured through long-term contracts. Manufacturers in Guangdong reported moderate domestic demand in the automotive battery market. Meanwhile, the SHFE/LME price ratio for lead has widened, increasing cost pressure for battery exports. To avoid inventory accumulation, the current operating rate of production lines is around 70%, and raw material lead is primarily being sourced from existing inventories.