Weekly lead-acid battery maker operating rates unchanged amid slack demand

Published: Nov 8, 2019 18:11

Save

Operating rates averaged 56.24% in the week ending Nov 8

SHANGHAI, Nov 8 (SMM) – Lead-acid battery producers in China maintained stable operations this week, after cutting production for three weeks in a row, showed an SMM survey.

Operating rates across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces averaged 56.24% in the week ending November 8, unchanged from the prior week.

Battery producers turned more cautious about production, as new orders declined on sluggish demand and risk aversion sentiment.

Some distributors stopped purchasing after losses in the past two weeks sent lead prices on the Shanghai Futures Exchange to the psychologically-key 16,000 yuan/mt level.

It is a low season for electric bike batteries, while replacement demand for automotive batteries remains poor.

Production planned for November across producers of lead-acid batteries, especially those for e-bikes, came in lower than that for October.

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 for 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

55 mins ago

Vizsla Copper to Acquire Alaska’s Delta Zinc-Lead-Copper VMS Project; Agnico to Take 19.99% Stake

Vizsla Copper announced that it had agreed to acquire 100% of the Delta polymetallic VMS project and the Helm Bay gold project in Alaska from Agnico Eagle. The transaction is expected to close in the fourth quarter of 2026. Delta carries a historical resource estimate of 15.4 million tonnes grading 3.8% zinc, 1.7% lead, 0.6% copper, 62 g/t silver and 1.7 g/t gold; the estimate has not been verified as a current mineral resource. Vizsla will issue Agnico 22.52 million shares, representing approximately 19.99% of its issued shares at signing. Subject to disinterested shareholder approval, a further 2.90 million shares would lift Agnico’s ownership to about 22%. The consideration also includes 3.04 million two-year warrants exercisable at C$1.95 per share, plus 2% and 3% NSRs on Delta and Helm Bay, respectively. Agnico may invest up to C$5 million in Vizsla’s post-closing financing, provided the financing exceeds C$30 million.

55 mins ago

3 hours ago

SHFE and LME retreat in tandem, SHFE lead closes down 0.49% with increased positions in night session [SMM Lead Morning News]

3 hours ago

Primary Lead Holds Prices Firm & Secondary Refined Lead Discounts Widen, Lead Prices Under Pressure at High Levels [SMM Lead Morning Meeting Summary]

3 hours ago