SMM June 29 Automotive Battery Market Summary [SMM Evening Report]

SMM, June 29: Dealers in Hunan reported that end-use consumption in the automotive battery market was sluggish, retailers' procurement demand was limited, battery inventories were above two months, and battery wholesale market selling prices remained unchanged, for example, the main model 6-QW-60Ah at 240 yuan per unit. Manufacturers in Anhui reported that replacement demand in the automotive battery market was weak, dealers were cautious in procurement, finished product inventories were high, the factory operating rate was currently at 70-80%, and raw material lead was purchased only through long-term contracts. Manufacturers in Zhejiang reported that the off-season trend in the automotive battery market persisted, finished product orders were poor, to avoid inventory buildup, the factory's production line operating rate was below 80%, and short-term production focused mainly on consuming lead inventories.