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SMM February 18 Automotive Battery Market Overview [SMM Evening News]
Feb 18, 2025, at 9:22 am
SMM February 18 News: Dealers in Shandong reported weak demand in the automotive lead-acid battery market, with limited restocking by retailers after the holiday. Currently, battery inventory exceeds one month, and the wholesale price of the main model 6-QW-100Ah is 350-380 yuan per unit.
Manufacturers in Zhejiang reported sluggish domestic demand in the automotive lead-acid battery market, coupled with average export orders. To avoid inventory accumulation, factory operating rates in February are expected to remain at 60-70%, with raw material lead mainly purchased through long-term contracts.
Manufacturers in Jiangxi reported moderate demand in the automotive lead-acid battery market, with dealers purchasing as needed. Post-holiday battery inventory has been slow to deplete, and current factory operating rates have recovered to 70-80%, with raw material lead purchased as needed.
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