SHANGHAI, Jan. 12 (SMM) – Motive battery producers in China target stepping up battery prices in a step-by-step manner recently so as to push stock-building at distributors.
One of those producers is planning to raise 48v20Ah battery prices by 10 yuan after Jan. 13 and by another 15 yuan after Jan. 15. This finally will send 48v20Ah battery prices up to 495 yuan from 470 yuan at present.
In recent two months, news has come on stream that motive battery makers will hike prices, affected by the consumption tax. But end-user consumption stays anemic and inventories pile up at most distributors. This leads to cheap batteries flood in market which were built by distributors in December. Wholesale prices maintain at 480-500 yuan for 48v20Ah batteries.
Mounting inventories and cash crunch weigh on distributors’ enthusiasm in replenishing stocks before the 2016 Chinese New Year holiday and some distributors even give up building pre-holiday stock.
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