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Home / Metal News / Motive Battery Demand Falls Short of Market Forecast in Peak Season, SMM Reports

Motive Battery Demand Falls Short of Market Forecast in Peak Season, SMM Reports

iconJul 13, 2017 17:12
Source:SMM
Motive battery replacement demand remained sluggish in China.

SHANGHAI, Jul. 13 (SMM) – Motive battery replacement demand remained sluggish in Jiangsu, leading to slow pace of consumption, with wholesale price of 48v20Ah at 530-540 yuan, SMM learned from local distributors. Those distributors will sell goods mainly by on-hand inventories in a short term.

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In Jiangxi, battery orders were still poor due to sluggish demand, increasing inventories. Battery producers held operating rate at around 80% for now.

“Motive battery demand fell short of anticipation in peak season with poor orders”, battery producers in Zhejiang said. Those battery producers held operating rate around 90% at present, and purchased lead based on orders.

For news cooperation, please contact us by email: sallyzhang@smm.cn orservice.en@smm.cn

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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