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China Ignition Battery Markets See Divergent Transaction, SMM Reports
Jul 5, 2017 17:07Source:SMM
Ignition battery markets reported divergent transaction on Wednesday.
SHANGHAI, Jul. 5 (SMM) – In Hunan, distributors report slow consumption due to poor ignition battery replacement demand. This, combined with price fallback in lead market, restricts battery wholesale price hike, such as 6-QW-45Ah at RMB 190-200 on Wednesday.
Ignition battery replacement demand improves in Henan due to high-temperature weather, but most retailers have built stocks, leading to small rise in battery sales at distributors. 6-QW-45Ah was RMB 220 on Wednesday.
Motive Battery Producers Hold High Operating Rates for Previous Order Delivery, SMM Reports
Ignition battery producers in Zhejiang are operational fully with nearing of peak season and purchased raw material based on orders, despite of sluggish orders led by low demand.
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