[SMM survey] lead battery market consumption is dismal, storage enterprises to reduce production again in order to reduce storage.

SMM6, 21 June: according to SMM research, this week (June 17-June 21) SMM five provinces lead battery enterprise weekly comprehensive operating rate of 48%, down 1% from last week. According to SMM research, the consumption of lead battery market continues to weaken, although the major enterprises maintain sales promotion for finished batteries, but the lead trend is weaker, dealers are in a strong mood of risk aversion, procurement is relatively cautious, some storage enterprises inventory remains high, and turn to reduce production, mainly electric bicycle battery enterprises. In addition, the consumption of automobile battery market has not improved, some enterprises plan to cut the operating rate by about 10% again in July, a few or plan to stop production and have a holiday.