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Home / Metal News / Higher Tax Squeezes Profits at China Lead-acid Battery Producers, SMM Reports

Higher Tax Squeezes Profits at China Lead-acid Battery Producers, SMM Reports

Sep 15, 2017 15:14

Source:SMM

Domestic lead-acid battery producers face growing cost burdens in 2017, SMM lead analyst said 2017 SMM Secondary Lead-acid Battery Summit.

SHANGHAI, Sept. 15 (SMM) – Domestic lead-acid battery producers face growing cost burdens in 2017, SMM lead analyst said 2017 SMM Secondary Lead-acid Battery Summit.

China Refined Lead Supply to Fall in 2017, SMM Foresees, Supporting Price in 2H 2017

Net profits grew on a yearly basis in 2017, but consumption tax, ranging from 20-60%, squeezed profits at domestic producers.

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Higher Tax Squeezes Profits at China Lead-acid Battery Producers, SMM Reports

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