Lead-acid battery makers operating rate lower on closure for holiday

Published: Jan 17, 2020 16:40

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This marked a fourth consecutive week of decline in battery maker operations

SHANGHAI, Jan 17 (SMM) – Operating rates across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces averaged 48.87% in the week ended January 17, down 5.31 percentage points from the previous week, showed SMM data.

This marked a fourth consecutive week of decline in battery maker operations. Distributors have finished restocking for the Chinese New Year holiday. Suspension of logistics starting from this week also prevented lead-acid battery makers from making long-distance delivery, who only maintained shipments to nearby areas.

Lead-acid battery producers have gradually suspend operations this week, with most companies planning to exit the market for Chinese New Year holidays on January 18. Large-scale producers will be away for the holidays no later than January 23.

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.

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