SHANGHAI, September 3 (SMM) – Operating rates across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces stood largely flat at 69.72% on the week as of Friday September 3.
Lead-acid battery market was largely unchanged, but some dealers tended to be cautious in purchasing due to the lower lead prices. The replacement demand in the car battery market was weak, and some battery plants had the product inventories of two months.
Although the export orders of car batteries increased, the shipping cycle was longer due to the adverse shipping conditions, and corporate funds were stagnant. Most companies scheduled production on the sales, and the production did not improve significantly.
The orders for electric bicycle battery were relatively more abundant in some companies in Jiangxi and Jiangsu, where the operating rates stood above 90%. However, some lead-acid battery companies in the key areas in Jiangsu were still under strict production restrictions due to the pandemic.
Most battery companies will continue to schedule production based on sales in September, and the operating rate will be stable.
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