Seasonal lull steadies operating rates across lead-acid battery producers

Published: Mar 22, 2019 18:22
Rates barely changed from the previous week and averaged 57.17% in the week through Mar 22

SHANGHAI, Mar 22 (SMM) – Operating rates at lead-acid battery producers across Jiangsu, Zhejiang, Jiangxi, Hubei, and Hebei provinces barely changed from the previous week and averaged 57.17% in the week through Friday March 22, showed SMM data.

Amid a seasonal lull, lead-acid battery producers planned production on sales. This kept their operating rates steady.

In the face of lower value-added taxes, some large battery producers stockpiled lead ingots, with deliverable materials from primary lead smelters accounting for the majority of their procurement.

Small and medium-sized battery producers, however, remained cautious about purchasing raw materials, with some favouring tax-excluded secondary lead.

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.

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Seasonal lull steadies operating rates across lead-acid battery producers - Shanghai Metals Market (SMM)