Leading Ignition Battery Makers Plan Price Hikes ahead of Upcoming Consumption Tax

Dec 16, 2015 09:07

Source:SMM

Leading ignition battery markers in China are reported to lift battery prices ahead of the upcoming consumption tax starting from January 1, 2016, SMM understands.

SHANGHAI, Dec. 16 (SMM) – Leading ignition battery markers in China are reported to lift battery prices ahead of the upcoming consumption tax starting from January 1, 2016, SMM understands.

Fengfan brand battery prices are likely to grow 3-4% from December 15 and by 3% for Hongyan brand batteries from December 22.

Battery makers attempt to hike battery prices to offset costs increased by the upcoming consumption tax. Also, large battery producers ramp up production for year’s target and frequently give news that they will step up battery prices. This boosts bullish sentiment at downstream buyers, which stimulates distributors to increase purchase.

Ignition demand picked up since October and large producers halted previous promotion sales, indirectly growing battery prices.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

ignition battery

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Leading Ignition Battery Makers Plan Price Hikes ahead of Upcoming Consumption Tax

SMM Events & Webinars

2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP

2025 SMM ASIA METALS SEMINAR

2025 SMM 3rd Wire & Cable Conference & Expo