Profits Slow at China Motive Battery Producers

Published: Nov 20, 2015 17:34

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Profits narrowed further at China’s motive battery markers as weak price bit, SMM pointed out.

SHANGHAI, Nov. 20 (SMM) – Profits narrowed further at China’s motive battery markers as weak price bit, SMM pointed out.

Prices of leading motive batteries, such as 48v12Ah, once fell to 190 yuan, hit a fresh low for several years. This was mainly hurt by oversupply and price wars.

Falling #1 lead prices also dragged down motive battery prices. China spot lead prices retouched early Apr.’s low of 12,650-12,750 yuan per tonne on Nov. 19.

See the following table for more price information:

Date	SMM #1 lead Prices (yuan per tonne）	Prices of Lead Polar Plate for Motive Batteries (yuan per tonne）	Leading 48V20Ah Motive Battery Prices (yuan per tonne）
Apr. 9	12,650-12,750	15,850-16,100	494-508
Nov. 20	12,650-12,750	15,850-16,050	440-470

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China motive battery makers motive battery

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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