Seasonal lull lowers operating rates across lead-acid battery producers

Published: Mar 29, 2019 15:50

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Rate across Jiangsu, Zhejiang, Jiangxi, Hubei, and Hebei lost 0.57 percentage point and averaged 56.6% in the week through Mar 29

SHANGHAI, Mar 29 (SMM) – Operating rates at lead-acid battery producers across Jiangsu, Zhejiang, Jiangxi, Hubei, and Hebei provinces lost 0.57 percentage point from the previous week and averaged 56.6% in the week through Friday March 29, showed SMM data.

A greater seasonal lull drove lead-acid battery producers to promote sales, and this kept operating rates lower on the week.

With weak prices of lead, lower value-added taxes and new standards for electric bicycles and electric motorcycles in April, battery distributors stockpiled cautiously and this depressed orders at lead-acid battery producers.

As the low season will extend into April, some battery producers are likely to cut their production schedule next month if their in-plant inventories of finished products continue to accumulate, SMM learned.

Operating rates 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.

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