SMM June 1 Automotive Battery Market Summary [SMM Evening News]

SMM June 1 News: Dealers in Jiangxi reported that end-use consumption in the automotive storage battery market was poor, making it difficult to boost battery sales. Current battery inventory stood at approximately one and a half months. Prices of certain battery models declined recently, with the main model 6-QW-60Ah priced at 220-240 yuan/unit. Manufacturers in Anhui reported that replacement demand in the automotive storage battery market was sluggish, with dealers only purchasing as needed. To avoid inventory buildup, factory production line operating rates remained below 80%, and raw material lead was primarily procured through long-term contracts. Manufacturers in Guangdong reported that the automotive storage battery market was in the off-season. Additionally, due to the price spread between domestic and overseas markets for lead, battery exports lacked a competitive edge, and battery orders remained persistently weak, with current factory operating rates at 70-80%.