SMM June 19 Overview of Automotive Battery Market [SMM Evening News]

SMM News on June 19: Dealers in Zhejiang reported that end-use consumption in the automotive battery market was sluggish, with no improvement in battery sales. Currently, battery inventory exceeds two months, and the wholesale price for the main model 6-QW-100Ah is 380-400 yuan per unit. Manufacturers in Zhejiang reported that replacement demand in the automotive battery market was average, coupled with poor export orders. Currently, the factory operating rate is maintained around 80%, with raw material lead being purchased as needed. Due to the high prices of secondary lead, procurement favors primary lead. Manufacturers in Hubei reported that overall demand in the automotive battery market was weak, with no significant improvement in finished product orders. To avoid inventory accumulation, the current factory operating rate is 80-90%, and production needs can be met through long-term contract purchases.

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