SHANGHAI, Jun. 7 (SMM) – Lots of lead-acid battery producers in China planned to prolong the operation halt for China’ s Dragon Boat Festival from June 9-11, SMM learns.
SMM survey of ten motive and ignition battery makers finds that four of them planned to suspend operation for three days, three of them for five-seven days, and one of them for twenty days. The rest two battery producers already halt operation for five-ten days and restarted operation recently.
The move is aimed to ease inventory pressure. Both motive and ignition battery maker will remain in the slack season in June and end-user market demand is thin.
With oversupply in battery market, leading battery makers continue sales promotion activities. And sales for less-known battery are limited. Many distributors are pessimistic over battery prices and show little buying interest.
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