Summary of SMM Automotive Battery Market on July 13th

SMM7 March 13: Shandong dealers reported that the demand for automobile battery replacement is weak, while due to the continued strength of lead prices, retailers buy up to replenish inventory, battery sales are relatively improved, while battery prices are expected to rise in the wholesale market. Hubei manufacturers report that the terminal consumption of the automobile battery market is not prosperous, but lead prices have risen one after another, stimulating dealers to buy up sentiment. At present, finished product orders are OK, and the factory operating rate is maintained at more than 90%. Manufacturers in Guangdong reflect that domestic consumption of the automotive battery market is mediocre, while as the overseas economy resumes and battery exports pick up, the factory operating rate has rebounded to around 80%.

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