Motive Battery Producers Hold High Operating Rates for Previous Order Delivery, SMM Reports

SHANGHAI, Jun. 29 (SMM) – Motive battery distributors in Shandong report falling sales as most retailers already have built up stocks early the month in response to continuous rises in lead price.

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Orders at battery producers in Jiangsu shot up sharply in June on a monthly basis after lead price surge incentivized purchase interest by distributors. Those producers hold operating rate above 90% and purchased raw material based on orders.

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Battery producers in Zhejiang mainly deliver orders to distributors signed previously and keep operating rate at around 80%. There are few new orders with poor end-user demand and financial strain at month-end.

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