SMM

SMM October 30 News: Dealers in Jiangxi reported moderate replacement demand in the automotive battery market, with no significant improvement in battery sales. Current battery inventory is around one and a half months. The main model 6-QW-60Ah is priced at 200-220 yuan per unit. Manufacturers in Hebei indicated stable demand in the automotive battery market, with moderate orders for vehicle supporting. The current factory operating rate is above 90%. With the recovery of lead ingot supply in North China and the lifting of transport restrictions, the tightness in lead ingot procurement has eased. Due to high lead prices, recent procurement has mainly focused on long-term contracts. Manufacturers in Guangdong reported flat domestic demand in the automotive battery market. As domestic lead material costs are higher than overseas, battery exports are hindered. To avoid inventory accumulation, the factory operating rate is maintained at 70-80%.