Average Operating Rate across Lead-Acid Battery Producers Stood Flat on Week

SHANGHAI, Nov 15 (SMM) - The average operating rate across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces stood largely flat at 76.89% on the week as of Friday November 12.

The consumption of lead-acid battery was basically moderate last week. The orders increased amid higher prices after power rationing, but some companies lacked finished product inventories as the production fell short of the demand, which caused the delayed shipments. As such, most battery companies were producing actively. Some areas in Zhejiang and Liaoning were still under the impact of power rationing. SMM will monitor whether the power rationing will be implemented again as the coal supply tightens amid growing heating demand after November 15.