SMM May 19 Automotive Battery Market Summary [SMM Evening News]

SMM May 19 news: Dealers in Hubei reported that the replacement demand in the automotive storage battery market remained sluggish, making it difficult to boost battery sales. Battery purchasing was limited to restocking certain models, with overall inventory exceeding one and a half months. Additionally, the wholesale price of the main model 6-QW-45Ah was 180-200 yuan/unit. Manufacturers in Jiangxi reported that the off-season trend in the automotive storage battery market persisted, with dealers purchasing cautiously and OEM orders also being limited. Currently, factory operating rates were around 80%, and lead ingots were purchased as needed. Manufacturers in Zhejiang reported that demand in the automotive storage battery market was weak, compounded by obstructed export orders due to factors including domestic and international cost differences and shipping disruptions. Currently, factory operating rates were at 70-80%, and raw material lead was primarily procured through long-term contracts.