SHANGHAI, Jul. 19 (SMM) – Ignition battery replacement demand improved in Hubei, reducing inventories, local distributors told SMM. But, they will not replenish stocks and sell goods by on-hand inventories, as falling lead price will drag down battery price.
In Guangdong, battery producers in face of sluggish orders and high temperature cut output by around 20%.
Distributors in Zhejiang were wary of purchases in response to falling lead price and poor end-user demand. As such, local battery producers are planning to have their workers take 1-2 holidays for high temperature.
For news cooperation, please contact us by email: email@example.com firstname.lastname@example.org