SHANGHAI, Apr. 5 (SMM) - China imported 715,100 of lead-acid batteries in February, up 0.88% MoM and 53.93% YoY, according to China Customs, including 215,800 of ignition lead-acid batteries, down 9.09% MoM and 499,400 of other lead-acid batteries, up 5.9% MoM. Lead-acid battery import was 1.42 million in Jan.-Feb. 2017, up 34.22% YoY.
After 2017 Chinese New Year holiday, industries recovered in China and demand increased in battery market in February. Moreover, most battery producers resumed operation after February 11. Hence, battery import increased o a monthly basis.
The large growth on a yearly basis was mainly because that most industries in China closed down in February due to 2017 Chinese New Year holiday, leading to poor demand for battery.
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