SMM News, July 14: Dealers in Hunan report that end-use consumption in the automotive battery market is sluggish, battery inventory is at high levels, and currently, the selling price in the battery wholesale market remains unchanged, with the main model 6-QW-45Ah wholesale price quoted at 160-170 yuan per unit. Manufacturers in Hebei report that since July, automotive battery orders have been performing poorly, with the factory operating rate dropping to around 60%, and long-term contract purchases of lead ingot can meet production needs. Manufacturers in Zhejiang report that replacement demand in the automotive battery market is weak, dealer purchases are limited, and export orders have been performing average, and currently, the factory operating rate is maintained at 70-80%.
SMM July 14 Automotive Battery Market Summary [SMM Evening News]
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