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Exports of Lead-acid Battery Increased in July and SHFE/LME Prise Ratio may Further Expand in August
Aug 23, 2022 10:21CST
Source:SMM
According to customs data, the import volume of lead-acid battery in July stood at 322,800, down 0.38% on the month. Total import volume in. January-July stood at 2.3242 million, down 36.81% on the year. The export volume of lead-acid battery in July stood at 20.5295 million, up 1.22%. The total export volume in January-July stood at 129 million, up 21.3% on the year.

SHANGHAI, Aug 23 (SMM) - According to customs data, the import volume of lead-acid battery in July stood at 322,800, down 0.38% on the month. Total import volume in. January-July stood at 2.3242 million, down 36.81% on the year. The export volume of lead-acid battery in July stood at 20.5295 million, up 1.22%. The total export volume in January-July stood at 129 million, up 21.3% on the year. According to research, storage battery orders increased steadily in July amid the eased pandemic and the good overseas consumption, contributing to the major increase in lead-acid battery exports. However, the ignition lead-acid battery exports declined amid the seasonal low. In addition, limited by the SHFE/LME price ratio and the poor cost advantage, the export volume declined. In this scenario, some export enterprises turned to the domestic market. In August, SHFE/LME lead price ratio expanded, hence the exports of lead-acid battery may increase steadily.

In terms of the imports of lead-acid battery, the import volume declined slightly in July declined slightly, compared to the previous month. However, due to the favourable policies, the automobile output and sales increase by 30% on the year and the imports of ignition lead-acid battery increased by 28.54% on the month.
 

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