Weekly lead-acid battery maker operating rebounded 1.51 percentage points -Shanghai Metals Market

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Weekly lead-acid battery maker operating rebounded 1.51 percentage points

Data Analysis 05:50:49PM Nov 15, 2019 Source:SMM

SHANGHAI, Nov 15 (SMM) – Operating rates across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces averaged 57.75% in the week ending November 15, up 1.51 percentage points from the prior week, showed an SMM survey.

With automakers in a traditional high season, producers of lead-acid batteries used to ignite automobiles saw healthy orders, and some stepped up production to prepare for the year-end holiday season, boosting the average operating rate.

Battery producers lowered their offers this week, with those for automotive batteries down by 3-5%, as distributors scaled back purchases after lead prices tumbled. 

Weekly lead-acid battery maker operating rebounded 1.51 percentage points

Data Analysis 05:50:49PM Nov 15, 2019 Source:SMM

SHANGHAI, Nov 15 (SMM) – Operating rates across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces averaged 57.75% in the week ending November 15, up 1.51 percentage points from the prior week, showed an SMM survey.

With automakers in a traditional high season, producers of lead-acid batteries used to ignite automobiles saw healthy orders, and some stepped up production to prepare for the year-end holiday season, boosting the average operating rate.

Battery producers lowered their offers this week, with those for automotive batteries down by 3-5%, as distributors scaled back purchases after lead prices tumbled.