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Home / Metal News / Battery Producers Restrict Purchases or Stop Receiving Orders amid Sharp Rise in Cost, SMM Reports

Battery Producers Restrict Purchases or Stop Receiving Orders amid Sharp Rise in Cost, SMM Reports

Aug 9, 2017 17:01

Source:SMM

Some battery producers restricted battery purchases, or even stopped receiving orders, as lower battery price growth over that of lead price increased cost sharply.

SHANGHAI, Aug. 9 (SMM) – Motive battery producers in Shandong announced to increase battery price, such as wholesale price of 48v20Ah up to 600 yuan.

In Jiangsu, price of 48v20Ah was 580 yuan on Wednesday. Local retailers were active in battery purchases and built stocks appropriately, triggered by sharp rise in lead price.

Motive Battery Price May Rise on Continuous Growth in Lead Price, SMM Reports

Battery producers in Zhejiang held operating rates at around 90% with improving purchase interest of distributors after lead price jumped up. Those producers bough lead based on orders.

SMM Survey: Supply Shortage Allows Lead Price to Rise Further

However, battery price growth was lower than that of lead price, increasing cost at battery producers sharply. Some battery producers thus restricted battery purchases, or even stopped receiving orders.

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Aug 22, 2017 14:04

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Traders in China's market had low price-making interest in response to low inventories, and firm price kept downstream battery producers at sidelines, resulting in sluggish trading.

Aug 3, 2017 14:08

SMM Comments Industry

Tight Supply Refrains Transaction in China Lead Market, SMM Reports

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Orders at ignition battery producers saw no improvement in Zhejiang due to wary purchase sentiment of distributors.

Jul 26, 2017 17:59

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Orders at Ignition Battery Producers See No Improvement, Despite of Rising End-User Demand, SMM Says

WBMS: Global Lead Supply Remains in Deficit of 172,000 Tonnes in January-May 2017

Global lead market still reported supply deficit at 172,000 tonnes in the first five months of 2017, according to World Bureau of Metal Statistics (WBMS).

Jul 20, 2017 09:41

SMM Insight Industry

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LME Lead to Move in a Tight Range (2017-4-26)

Eyes should be on US dollar index on Wednesday. LME lead will move at USD 2,140-2,180/mt on Wednesday and SHFE 1706 lead will fluctuate between RMB 15,800-16,350/mt.

Apr 26, 2017 09:19

SMM Comments

LME Lead to Move in a Tight Range (2017-4-26)

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International Lead and Zinc Study Group (ILZSG) issued on Apr. 12 that global lead market had an 11,700 tonnes of surplus in February.

Apr 13, 2017 14:25

SMM Insight

Global Lead Supply Reverse to Surplus in February 2017

SHFE Lead to Stabilize (2017-4-10)

LME lead will move at USD 2,230-2,300/mt on Monday and SHFE 1705 lead will stabilize 16,200-17,000/mt at RMB after a sharp decline.

Apr 10, 2017 09:18

SMM Comments

LME Lead to See Range-Bound Trading (2017-4-7)

LME lead will be weighed by the 20-day moving average and move at USD 2,260-2,310/mt on Friday and SHFE 1705 lead will fluctuate between RMB 17,200-17,600/mt.

Apr 7, 2017 09:41

SMM Comments

LME Lead to See Range-Bound Trading (2017-4-7)

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LME lead will fluctuate between USD 2,300-2,370/mt and SHFE 1705 lead will move at RMB 17,000-17,600/mt.

Mar 31, 2017 09:33

SMM Comments

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SHFE Lead to Find Support (2016-12-16)

LME lead is predicted to move between USD 2,300-2,350/mt on Friday and SHFE 1702 lead will range at RMB 20,000-20,500/mt.

Dec 16, 2016 09:40

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Battery Producers Restrict Purchases or Stop Receiving Orders amid Sharp Rise in Cost, SMM Reports

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

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