SMM January 17 News: According to reports, from January 11 to January 17, 2025, the weekly comprehensive operating rate of lead-acid battery enterprises in five provinces monitored by SMM was 72.27%, down 2.28 percentage points WoW.
This week marked two weeks before the Chinese New Year. With the start of the Spring Festival travel rush, the number of logistics vehicles gradually decreased. A few lead-acid battery enterprises, after completing their final battery shipments, began their Chinese New Year break on January 15, becoming the earliest group to start the holiday. Other lead-acid battery producers, considering the return of migrant workers to their hometowns, saw front-end production line workers gradually stop work and take leave, while back-end production lines are also expected to fully stop next week. Therefore, the operating rate of lead-acid battery enterprises turned downward this week. Next week, as more lead-acid battery enterprises enter the Chinese New Year break, the weekly operating rate is expected to decline further.
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