Atmosphere of Chinese New Year holiday begins to emerge, weekly operating rate of lead-acid battery enterprises declines [SMM Weekly Lead-Acid Battery Operating Rate Comment]

        It was learned that the SMM weekly comprehensive operating rate for lead-acid battery enterprises in five provinces was 69.02% during January 23–29, 2026, down 1.76 percentage points WoW.

By month-end, with less than three weeks to go before the Chinese New Year, the holiday atmosphere began to emerge in the lead-acid battery market. A small number of lead-acid battery enterprises had already started production cuts this week, and a few even halted production directly for the holiday, dragging down the weekly operating rate of lead-acid battery enterprises. In the next two weeks, the holiday atmosphere in the lead-acid battery market will become stronger, especially after the Spring Festival travel rush begins, as migrant workers return home and transportation such as railways and automobiles becomes busier. Logistics in some remote areas will stop on February 1, while other regions will gradually suspend services between February 4 and 8. A few areas with short distances within the province may persist until February 12. During this period, lead-acid battery enterprises will take holidays one after another, and their operating rates are expected to decline gradually.