SHANGHAI, May 26 (SMM) – Some battery producers have increased operating rate by 10-20% at present.
Downstream dealers pick up motive battery purchase interest after two leading battery producers announced to raise prices, increasing orders at battery producers. In addition, large battery producers plan to raise operating rates in June to fulfill semi-year sales and production targets, and battery dealers will build low-price stocks in June.
Two Motive Battery Producers Raise Prices, Improving Transaction, SMM Report
Most battery producers in face of improving orders plan to have Dragon Boat Festival holiday for 1-3 days, and some will have their workers to take 3-day holidays, and no battery producer will extend holiday.
Lead-acid battery producers cut and halted production since the beginning of 2017 due to sluggish motive and ignition battery market. Those producers took holidays for more than 3 days for Qingming Festival and May Day, and some even had 5-7 days holiday, with few even taking holidays for half a month.
Battery Inventory at Distributors down to Low Level on Off-Season, SMM Reports
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