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

SHANGHAI, Nov 19 (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 19.

The end consumption of lead-acid battery was moderate. The expanded production across producers alleviated the supply shortage, and the risk aversion sentiments rose amid falling lead prices. The distributors and retailers were less willing to purchase, so the producers received fewer new orders. Most battery companies shipped for the previous orders, and the production was basically stable.