SMM

SMM December 16 News: Dealers in Shandong reported that the end-use consumption in the automotive lead-acid battery market was moderate, with limited improvement in battery sales. Currently, battery inventory exceeds one month, and the wholesale price of the main model 6-QW-60Ah is 240-260 yuan per unit. Manufacturers in Hebei reported that the overall demand in the automotive lead-acid battery market was moderate, with little change in finished product orders compared to November. Among them, orders from OEMs were relatively good, and the operating rate of factories remained at full capacity. Additionally, raw material lead was mainly purchased through long-term contracts. Manufacturers in Sichuan reported that domestic demand in the automotive lead-acid battery market was stable, while export orders were relatively weak. To control inventory, the current operating rate of factories is at 80-90%. Meanwhile, lead prices fluctuated downward, and raw materials were purchased as needed.

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