SHANGHAI, Jun. 28 (SMM) – Motive battery distributors in Guangxi told SMM that motive battery consumption slowed down as rainy weather crippled replacement demand, leading to wholesale price of 48v20Ah at 510-550 yuan.
Ignition Battery Orders Decline amid Falling Lead Price, SMM Reports
Distributors in Hubei faced sales decrease as most retailers already built stocks and end-user demand remained sluggish, reporting motive battery inventory at one month and price of 48v20Ah at 550 yuan.
Why Lead Price Skyrockets, Ignoring Weak Fundamentals? SMM Reports
Battery producers in Jiangsu held operating rates at around 90% for previous order delivery from distributors, despite of poor end-user demand, and purchased lead based on orders.
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