SMM June 22 Automotive Battery Market Summary [SMM Evening News]

SMM, June 22: Dealers in Jiangxi reported that end-use consumption in the automotive battery market is sluggish, retailers only purchase as needed, and current inventory is about 2 months. Additionally, selling prices in the battery wholesale market remain low, such as the main model 6-QW-60Ah at a wholesale price of 270 yuan/piece. Manufacturers in Zhejiang reported that the automotive battery market is still in the traditional off-season, dealers are cautious in purchasing, and to avoid inventory buildup, the factory operating rate is currently maintained at 60-70%, with raw material lead mainly purchased through long-term contracts. Manufacturers in Hebei reported that replacement demand in the automotive battery market is sluggish, and finished product orders remain unimproved for now. Currently, the production line operating rate is below 80%, and long-term contract lead ingot is sufficient to meet production, so no additional spot order purchases will be made in the short term.