SHANGHAI, Aug. 3 (SMM) – In Zhejiang, wholesale price of 48v20Ah was 560 yuan. Replacement demand of motive battery improved slightly, increasing battery sales. Hence, battery inventory reduced to about 10 days.
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In Fujian, battery producers held operating rates at 70-80%, and orders saw no significant improvement amid sluggish demand in motive battery market. Those producers purchased lead based on orders.
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In Shandong, as motive battery demand fell short of forecast in peak season, downstream distributors showed low purchase interest, increasing inventories at battery producers. Those producers held operating rate at around 80%, and planned to raise battery price in response to rising lead prices.
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