SHANGHAI, September 17 (SMM) – Operating rates across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces stood largely flat at 69.94% on the week as of Friday September 17.
According to SMM survey, end consumption in the lead-acid battery market was largely unchanged. The replace demand for the batteries of electric bicycles and automobiles was flat, so dealers were mostly selling stocks. However, companies of energy storage batteries received abundant orders. Some companies scheduled production on orders, and most companies maintained high operating rates. This production schedule may extend to Q4 this year.
SMM will continue to monitor the consumption of electric tricycles during the traditional peak season from September to October.