Summary of SMM Automotive Battery Market on April 27th

SMM4 27: Shandong dealers reflect that the automotive battery market replacement demand is weak, the major brands continue to promote the battery, and the industry risk aversion is strong, battery supply digestion is slow, the current main model 6-QW-45Ah in 150-160 yuan. Hebei manufacturers reflect the poor market demand for automotive batteries, supporting orders have not improved for the time being, in order to avoid risk inventory increase, the current factory operating rate of about 70%, another raw material lead to long single procurement. Guangdong manufacturers reflect the sluggish demand in the auto battery market, especially the continued hindrance in exports and the increasing inventory of finished products. The current factory operating rate has dropped to 60-70%, and it is planned to have two days off on May Day.

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