SMM August 21 Auto Battery Market Summary [SMM Evening Brief]

SMM, August 21: Dealers in Jiangxi reported weak end-use consumption in the automotive battery market, with slow inventory digestion. Current inventories are still above two months, and the wholesale price for the main model 6-QW-45Ah is 160-180 yuan per unit. Manufacturers in Guangdong noted that domestic demand for automotive batteries is not strong, and exports have been hindered due to changes in tariff policies. The current operating rate of factories is 70-80%, and raw material lead is being used to digest inventories. Producers in Anhui stated that replacement demand in the automotive battery market is moderate, and dealers are purchasing as needed to avoid inventory accumulation. The current operating rate of factories is around 80%, and raw material lead is mainly purchased through long-term contracts.