The Impact of the Traditional Off-Season Begins to Show, Lead-Acid Battery Producers Start Taking Holidays [SMM Lead-Acid Battery Weekly Operating Rate Review]

SMM, March 28: It is reported that the comprehensive weekly operating rate of lead-acid battery producers in five provinces monitored by SMM was 73.9% from March 22 to March 28, down 0.22 percentage points WoW.
As April approaches, the traditional off-season for the lead-acid battery market is about to begin. Some producers have reported a decline in new orders. Additionally, due to recent price increases in raw materials such as lead, antimony, tin, and sulphuric acid, the production costs of batteries have risen, leading producers to generally adopt a produce-based-on-sales strategy. The decline in the weekly operating rate of lead-acid battery producers this week is mainly attributed to some producers voluntarily halting production and taking holidays at month-end to control finished product inventories. For example, e-bike and automotive battery producers in Jiangxi and Guangdong have experienced similar situations. Next week, coinciding with the Qingming Festival holiday, some lead-acid battery producers plan to take holidays ranging from 2 to 7 days, which may further reduce the operating rate of lead-acid battery producers.