SHANGHAI, Jul 2 (SMM) - Operating rates across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces lost 0.19 percentage point from June 25 to 69.01% as of Friday July 2.
Lead-acid battery market remained in the off-peak season, and the companies scheduled the production based on the sales. The output of some companies in Zhejiang declined slightly due to the high inventories, so the operating rates fell this week. The consumption usually shifts from the off-peak season to the peak season in July, but the lead-acid battery companies have not yet seen the sign of consumption rebound. This, coupled with the rising raw material prices, made companies cautious in production.