Summary of SMM Automotive Battery Market on July 16th

SMM7 March 16: Hunan dealers reported that the replacement demand for automotive battery market is light, especially the recent rainstorm weather, battery sales are weak, the current battery inventory is more than a month, mainly to digest inventory in the short term. Manufacturers in Shanxi reflect the general domestic consumption of the automotive battery market, and with the resumption of the overseas economy, battery export orders have improved, and the current factory operating rate has returned to more than 80%. Hebei manufacturers reflect the market demand for automotive batteries is OK, and due to the previous rise in lead prices, the company has implemented price increases for some types of batteries, and the current factory operating rate is maintained at around 90%.

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