[SMM survey] weekly start-up of lead-acid batteries increased by 0.99% month-on-month under the expectation of consumption and price increase.

Published: Jul 10, 2020 17:53 (GMT+8)

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SMM7, July 10: according to a survey by SMM, this week (July 6-July 10) the weekly comprehensive operating rate of lead battery enterprises in the five provinces of SMM was 64.68%, up 0.99% from last Friday.

After entering July, the terminal consumption performance of the lead battery market is average, but with the rise of lead price, the battery wholesale market is expected to rise, and retailers buy up and replenish the stock, which is mainly reflected in the electric bicycle battery sector. recently, the inventory pressure of this kind of storage enterprises has decreased. In addition, the prices of car batteries are more chaotic. Although the rise in lead prices has increased the cost pressure on battery companies, and enterprises also intend to raise prices, competition in the industry is fierce, and some car battery companies have reduced prices in reverse, stimulating dealers to procure. coupled with the gradual pick-up in export demand, the overall order situation has improved, and production is planned to increase slightly by 510% in July.

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Output operating rate capacity cars batteries

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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