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China Ignition Battery Markets See Divergent Transaction, SMM Reports
Jul 5,2017 17:07CST
smm insight
Source: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.

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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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