Operating rates of lead-acid battery plants largely flat on week

SHANGHAI, Jul 9 (SMM) - Operating rates across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces stood largely flat at 69.01% on the week as of Friday July 9.

Lead-acid battery market is at the transitory stage from off-peak season to the peak season, but the market atmosphere has not changed obviously. The finished product inventories of electric bicycles and car batteries remained high, so the companies were still cautious in production. Recently, some companies were more active in lead-acid battery export amid higher LME lead and shrinking SHFE/LME price ratio. However, the production will not be raised until the orders increase.