It is understood that from June 7 to June 13, 2025, the weekly composite operating rate of lead-acid battery enterprises in the five provinces monitored by SMM was 72.19%, up 11.8 percentage points WoW. This week, the impact of the Dragon Boat Festival holiday was fully lifted, and lead-acid battery enterprises gradually resumed normal production, leading to an increase in the weekly operating rate. The main sectors contributing to this increase were e-bike and automotive battery enterprises, which had holidays ranging from 1 to 5 days during the Dragon Boat Festival, while ESS battery enterprises experienced relatively minor changes in production. From the perspective of end-use consumption, the e-bike and automotive battery markets are still in the traditional off-season, with slow digestion of battery inventory. Dealers are cautious in their procurement, and most enterprises have not been able to reach full production capacity after resuming production during the Dragon Boat Festival holiday. The operating rates range from around 50% to 70-90%.

This week, there were no significant changes in end-use consumption in the e-bike and automotive battery markets. Dealers generally maintained a purchasing as needed model, and large enterprises resumed normal production after the Dragon Boat Festival holiday. Among them, the wholesale market for e-bike batteries was generally concerned about whether the price increases of first-tier brands would be implemented. Dealers were eagerly waiting to see, with battery inventories ranging from 7 to 30 days. Meanwhile, the automotive battery wholesale market was still in a sales promotions atmosphere, with dealers struggling to sell their inventories and holding a pessimistic sentiment about the future market. On the producer side, as lead prices gradually rose, lead-acid batteries maintained a purchasing as needed model and, during periods of insufficient secondary lead supply, opted more for primary lead. Spot transactions in South China relatively improved.

According to SMM data, the operating rates of brass billet producers increased slightly by 0.13% MoM to 52.01% this week, indicating a slight rebound in production. However, this was mainly due to the exclusion of factors related to the Dragon Boat Festival holiday. After excluding the holiday-related disturbances, the weak downstream demand remained significant: orders in the home appliance market showed signs of accelerating weakness, with small and medium-sized producers reducing procurement volumes due to sluggish end-use consumption, and large enterprises also slowing down their production schedules due to inventory turnover pressures. The finished product inventories accumulated by most enterprises in the early stage have not yet been fully digested, and enterprises remain cautious about raw material procurement, refraining from stockpiling in large quantities. SMM samples showed that the days of raw material inventories decreased by 0.36 days MoM to 4.47 days this week, while the days of finished product inventories decreased by 0.19 days MoM to 6.73 days.

According to data from SMM, the operating rates of brass billet producers increased slightly by 0.13% MoM to 52.01% this week, indicating a slight rebound in production. However, this was mainly due to the exclusion of the Dragon Boat Festival holiday factor. After excluding the holiday disturbance, the weak downstream demand remained significant: orders in the home appliance market showed signs of accelerating weakness, with small and medium-sized producers reducing procurement volumes due to sluggish end-use consumption, and large enterprises also slowing down their production schedules due to inventory turnover pressures. The finished product inventories accumulated by most enterprises in the early stage have not yet been fully digested, and enterprises remain cautious about raw material procurement, refraining from stockpiling in large quantities. SMM samples show that the days of raw material inventories decreased by 0.36 days MoM to 4.47 days this week, while the days of finished product inventories decreased by 0.19 days MoM to 6.73 days.

According to SMM data, the operating rate of brass billet enterprises increased slightly by 0.13% MoM to 52.01% this week, indicating a slight rebound in production. However, this was mainly due to the exclusion of the Dragon Boat Festival holiday factor. After excluding the holiday disturbance, the weak downstream demand remained significant: orders in the home appliance market showed signs of accelerating weakness, with small and medium-sized producers reducing procurement volumes due to sluggish end-use consumption, and large enterprises also slowing down their production schedules due to inventory turnover pressure. The finished product inventories accumulated by most enterprises in the early stage have not yet been fully digested, and enterprises remain cautious about raw material procurement, refraining from stockpiling in large quantities. SMM samples showed that the days of raw material inventories decreased by 0.36 days MoM to 4.47 days this week, while the days of finished product inventories decreased by 0.19 days MoM to 6.73 days. Looking ahead to next week, as the end of June approaches, the traditional off-season characteristics of the industry will become more pronounced: on the one hand, new orders for enterprises are expected to continue to decline, with some small and medium-sized producers only able to maintain production for 1-2 weeks with their orders on hand; on the other hand, the tight raw material supply situation has not improved. SMM expects the operating rate to decline by 0.32 percentage points MoM to 51.69% next week, and the industry will still need to operate under the dual pressures of shrinking demand and high raw material costs in the short term.

This week, the operating rate of enamelled wire industry machinery decreased by 0.2 percentage points MoM to 82.1%, and weekly orders fell WoW ...