Weekly lead-acid battery makers operating rate dipped due to New Year‘s Day

Published: Jan 3, 2020 18:53

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Operating rates across Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei averaged 55.21% in the week ended January 3

SHANGHAI, Jan 3 (SMM) – Operating rates across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces averaged 55.21% in the week ended January 3, down 0.98 percentage point from the previous week, showed SMM data.

This marked a second straight week of declines in battery maker operations, as some plants shut on the New Year’s Day.

Given sluggish end-market consumption and weaker lead prices, most battery distributors remained cautious about stockpiling ahead of the Lunar New Year holiday, and the arrival of shipments from producers for rebates may deter some distributors from making additional purchases.

Next week, distributors and lead-acid battery producers in remote areas may step up replenishing their stocks as logistic services are about to halt.

For the Lunar New Year holiday schedule, some battery makers plan to begin the break from January 15 while large-scale plants will begin after January 20.

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.

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