SMM March 4 Automotive Battery Market Overview [SMM Evening News]

Dealers in Jiangxi province reported that the end-use consumption in the automotive lead-acid battery market was weak, with low purchasing enthusiasm from retailers. Battery inventory is being consumed slowly, currently standing at nearly two months. Additionally, the wholesale price of the main model 6-QW-45Ah is 170-180 yuan per unit. Manufacturers in Zhejiang province reported that the demand in the automotive lead-acid battery market was moderate. Coupled with limited export orders, factories are currently producing based on sales, with an operating rate of 80-90%. Furthermore, raw material lead is being purchased as needed. Manufacturers in Anhui province reported that the demand in the automotive lead-acid battery market was moderate. While orders for vehicle assembly were moderate, the demand in the replacement market was weak. The factory operating rate remained around 80%. Additionally, lead prices fluctuated at high levels, and raw material lead was purchased on a "buy-as-needed" basis recently.

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