SHANGHAI, Nov. 20 (SMM) – Profits narrowed further at China’s motive battery markers as weak price bit, SMM pointed out.
Prices of leading motive batteries, such as 48v12Ah, once fell to 190 yuan, hit a fresh low for several years. This was mainly hurt by oversupply and price wars.
Falling #1 lead prices also dragged down motive battery prices. China spot lead prices retouched early Apr.’s low of 12,650-12,750 yuan per tonne on Nov. 19.
See the following table for more price information:
Date | SMM #1 lead Prices (yuan per tonne） | Prices of Lead Polar Plate for Motive Batteries (yuan per tonne） | Leading 48V20Ah Motive Battery Prices (yuan per tonne） |
Apr. 9 | 12,650-12,750 | 15,850-16,100 | 494-508 |
Nov. 20 | 12,650-12,750 | 15,850-16,050 | 440-470 |
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