SMM Automotive Battery Market Summary on September 16 [SMM Evening News]

SMM September 16: Dealers in Jiangxi reported sluggish replacement demand in the automotive battery market, with no improvement in battery sales. Current battery inventory remains at nearly two months, with the main model 6-QW-45Ah priced at 150-160 yuan per unit. Manufacturers in Guangdong indicated weak overall demand in the automotive battery market, fierce domestic competition, and sluggish overseas export orders. Factory operating rates are currently maintained at around 70-80%, with raw material lead primarily being used to digest inventories. Manufacturers in Zhejiang reported sluggish demand in the automotive battery market, particularly for exports. Affected by tariffs and the SHFE/LME price ratio, battery export orders in September declined significantly. Current factory operating rates are approximately 50%.