Lead-Acid Battery Stocks Mount on Poor Demand

Jun 5, 2015 16:50

Source:SMM

Lead-acid battery distributors were sitting on excess inventories due to anemic demand, SMM learned.

SHANGHAI, Jun. 5 (SMM) - Lead-acid battery distributors were sitting on excess inventories due to anemic demand, SMM learned.

Continued weakness in e-bike market dampened demand for motive batteries. That, combined with intense competition, left wholesale prices weak at at 500-510 yuan per set for 48v20Ah batteries.

Things were worse in automobile battery market which experienced a surge in inventories lately. This has forced some suppliers to cut prices. Branded battery prices fell by about 20-50 yuan per unit in the past month.

Lead-acid battery producers were pessimistic on future market because of insufficient new orders.

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Lead-Acid Battery Stocks Mount on Poor Demand

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