Battery producers in Jiangsu hold operating rate above 90% and those in Zhejiang keep operating rate at around 80%.
Base metals mostly ended higher on Wednesday’s night trading. On Thursday, eyes should be on sell-off pressures of some products.
Motive battery consumption in Guangxi slowed down as rainy weather crippled replacement demand, leading to wholesale price of 48v20Ah at 510-550 yuan.
Xinjiang will build first lead-acid battery scrap purchase&storage center in Toksun to promote battery scrap recycling system construction.
Lead price surges mainly due to speculative investment and price growth of ferrous metals and other nonferrous metals, SMM notes.
Changning will invest 8-10 billion yuan to build copper-lead-zinc industrial base, constructing 300,000 tonnes of new zinc capacity, expand 200,000 tonnes of copper capacity and remold 100,000 tonnes.
After the dollar depreciated, base metals finished up across the board on Tuesday’s night trading except tin.
Most medium and large lead-acid battery producers have built lead stocks last week and suspend lead purchases by spot transaction this week.
China’s lead concentrate and ore imports decreased 9.85% to 93,459 tonnes in May 2017 from the same period of last year.
Orders at ignition battery producers decrease, and 6-QW-45Ah is at 210-240 yuan per tonne.
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National Bureau of Statistics (NBS) data showed China’s zinc output fell 9.9% on a yearly basis to 481,000 tonnes in May.
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