SMM

SMM December 31: Dealers in Zhejiang reported relatively improved replacement demand in the automotive battery market. However, with active year-end sales promotions by manufacturers, existing battery inventory remains above 2 months. The wholesale price for the main model 6-QW-45Ah is 160-180 yuan per unit. Manufacturers in Hebei indicated that the automotive battery market is in the traditional peak season, coupled with year-end purchases by dealers. Currently, factory production lines are operating at full capacity, and production is planned to continue as usual during the New Year's Day holiday. Manufacturers in Jiangxi reported slightly better domestic demand in the automotive battery market, but exports are affected by the price spread between domestic and overseas markets for lead and tariffs. Factories maintain a produce-based-on-sales approach, with operating rates at 70-80%. Production is scheduled to halt for 3 days during the New Year's Day holiday.