SHANGHAI, Apr 23 (SMM) – Operating rates across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces dropped 0.67 percentage point from the previous week to 75% as of Friday April 23.
Finished product inventories across e-bike battery and automotive battery makers increased as demand from distributors weakened significantly, which prompted battery producers to promote sales or reduce output.
A few large-scale battery makers will operate normally during the upcoming Labour Day holiday, while others plan to take 1-5 days off. Operating rates are likely to decline further next week.
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