Weekly lead-acid battery maker operation stable on week

Published: Nov 22, 2019 14:58

Save

On-demand purchases by distributors did not put additional inventory pressure at battery producers

SHANGHAI, Nov 22 (SMM) – Operating rates across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces held flat from the prior week and averaged 57.75% in the week ending November 22, showed an SMM survey.

Sales promotion continued in the lead-acid battery market as consumption remained tepid for both electric-bicycle and automobile batteries.

Distributors of auto batteries mostly took a cautious outlook amid falling lead prices. SMM learned that most distributors had held inventories that could meet sales need for more than a month after them stockpiling cheap cargoes in the previous weeks.

Producers of e-bike batteries with relatively lower quality offered bigger discounts on concerns about weakening demand. Quotes of 48v20Ah batteries slipped to 420-430 yuan/set, with some as low as 410 yuan/set.

On-demand purchases by distributors did not put additional inventory pressure at battery producers, who managed to maintain stable operation this week.

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.

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

8 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.

8 mins ago

2 hours ago

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

2 hours ago

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

2 hours ago