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.
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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