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Home / Metal News / China Battery Distributors Not Eager to Build Stocks ahead of Upcoming Consumption Tax
China Battery Distributors Not Eager to Build Stocks ahead of Upcoming Consumption Tax
Oct 29, 2015 22:23Chinese distributors are not active in replenishing stocks ahead of the implementing of 4% consumption tax on lead-acid batteries starting from January 1, 2016.
SHANGHAI, Oct. 29 (SMM) – Chinese distributors are not active in replenishing stocks ahead of the upcoming 4% consumption tax on lead-acid batteries starting from January 1, 2016, SMM survey shows.
“Overall consumption remains slack in lead-acid battery market heading into 2015 and is unlikely to pick up in the next two months ”, some distributors said as such.
Oversupply and fierce competitions lead to frequent sales promotion in battery market,usually cutting battery prices by 3-5 percentage points. When compared with this, the 4% consumption tax is not a thing to market.
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Lead-acid batteries
consumption tax
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