SHANGHAI, Dec 10 (SMM) – Lead-acid battery inventories across Chinese distributors grew in November, marking the first rebound in six months. It took lead-acid battery distributors about 20.22 days to sell their products last month, SMM data showed.
Battery markets headed into their traditional high season in late August. Equipment and labour issues deterred some producers from operating at full capacity and delayed the fulfillment of orders from distributors, which lowered t stocks across distributors. Some specifications were even unavailable in the motive and automotive markets in September-October.
The high season ended in November. As the year draws to a close, most distributors have annual sales targets to meet and their stocks grew as a result. Battery producers’ fulfillment of orders also helped grow inventories across distributors and ease supply shortages.