SHANGHAI, Aug. 24 (SMM) – Ignition battery inventories at distributors in Fujian were consumed slowly due to sluggish end-user demand. Those distributors will not purchase goods in short term after building stocks previously. 6-QW-45Ah was 220-230 yuan.
In Guangdong, domestic demand was modest, while export orders slumped in response to surging lead prices and rising Chinese yuan. Local battery producers held operating rate at 70-80%.
In Jiangxi, distributors in face of poor end-user demand and high lead prices were wary of purchases, slashing new orders at battery producers. Local battery producers cut operating rate to 50-60%.
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