Operating rates at lead-acid battery producers up 0.4 percentage point

Published: Oct 22, 2018 10:27

Save

Rates grew as low stocks of finished goods prompted battery producers to keep operation stable

SHANGHAI, Oct 22 (SMM) – Average operating rates across Chinese lead-acid battery producers edged up last week as relatively low stocks of finished goods prompted them to maintain stable operation, SMM research found.

Rates averaged 69.34% as of Friday October 19, up 0.44 percentage point from a week ago, SMM data showed.

As brisk orders received in the high season depleted stocks of finished products, battery producers maintained steady operation to grow stocks. Decreasing lead prices also prompted them to restock some raw materials.

Operation rates across some medium-sized and small producers edged down last week as purchasing enthusiasm across distributors cooled down amid declining demand for battery replacement in the colder weather and as producers had fulfilled their backlogged orders.

Operating rate Lead Lead-acid battery

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

17 mins ago

Supply-Side Tug-of-War Between Longs and Shorts, Weak Demand-Side Support [SMM Lead Morning Meeting Minutes]

17 mins ago

18 mins ago

SHFE Lead Fluctuated Downward in Night Session, Closing with a Small Bearish Candle; LME Lead Rose First Then Fell, Closing Slightly Lower [SMM Lead Morning Brief]

18 mins ago

16 hours ago

Korea Zinc to Invest $6.6B in U.S. Critical Minerals Project

South Korea’s Korea Zinc plans to invest $6.6 billion to develop a major critical minerals smelter and U.S. headquarters in Tennessee, marking the state’s largest-ever private investment. The project will span Clarksville and Gordonsville, including a new manufacturing facility and the reopening of a former mine. The integrated smelter will produce 13 nonferrous metals such as zinc, copper, and lead, supporting key industries including defense, aerospace, and automotive. The project is expected to create over 740 jobs and reduce U.S. reliance on China for critical minerals. Developed in partnership with the U.S. government, which may take a 40% stake, construction is scheduled to begin in 2027, with site preparation starting in 2026.

16 hours ago