SMM June 16 Automotive Battery Market Overview [SMM Evening News]

SMM News on June 16: Dealers in Jiangxi reported that end-use consumption in the automotive battery market was sluggish, with retailers showing low enthusiasm for purchasing. The wholesale market for batteries maintained a promotional atmosphere, with the main model 6-QW-45Ah priced at 160-180 yuan per unit. Manufacturers in Zhejiang reported that overall demand in the automotive battery market was weak, coupled with poor export orders. There was no significant improvement in finished product orders in June, with the current factory operating rate below 80%. Most raw lead was purchased through long-term contracts. Manufacturers in Hebei reported that the impact of the off-season in the automotive battery market remained unchanged, with dealers purchasing cautiously and battery inventory being digested slowly. Currently, the factory operating rate is around 80%, and raw lead is purchased as needed.

》Order to view historical SMM metal spot prices