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Ignition Battery Price Expands Further as Surging Lead Price Widens Costs, SMM Reports
Aug 17,2017 17:11CST
smm insight
Source:SMM
China’s leading ignition battery producers raised prices up again as rapid growth in lead price increased cost sharply.

SHANGHAI, Aug.17 (SMM) – China’s leading ignition battery producers raised prices up again as rapid growth in lead price increased cost sharply, such as 6-QW-45Ah up to 230-274 yuan.

In Hubei, retailers were active in purchasing ignition battery after lead price soared, depleting inventories at distributors. 6-QW-45Ah was offered at 255 yuan.

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Retailers in Shandong showed replenishment demand after battery producers announced to raise battery price constantly, with 6-QW-60Ah up to 340 yuan.

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Ignition battery demand in Chongqing improved, as distributors built stocks with optimistic outlook. Local battery producers in face of significant rise in orders expanded operating rate by 20% on a monthly basis.

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