SHANGHAI, Aug. 3 (SMM) – In Zhejiang, wholesale price of 48v20Ah was 560 yuan. Replacement demand of motive battery improved slightly, increasing battery sales. Hence, battery inventory reduced to about 10 days.
In Fujian, battery producers held operating rates at 70-80%, and orders saw no significant improvement amid sluggish demand in motive battery market. Those producers purchased lead based on orders.
In Shandong, as motive battery demand fell short of forecast in peak season, downstream distributors showed low purchase interest, increasing inventories at battery producers. Those producers held operating rate at around 80%, and planned to raise battery price in response to rising lead prices.
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