SHANGHAI, Jun. 30 (SMM) – The leading motive battery producers in China will likely increase battery prices by 10 yuan late July, Shanghai Metals Market reckons.
Recently, high temperatures quicken battery replacement and this pushes up sales at some distributors. Motive battery sector is expected to enter high-demand season in July, which will weaken bearishness in market.
With mid-year’s end, large battery makers almost complete ramping up production and pushing sales, who thus may reduce or even give up sales promotion activities in July. This will lead support to battery prices.
But the price increase is expected to fall in late July. Inventories at distributors, who built large stocks for year’s target in June, are scheduled to be fully digested by market mid-to-late July. Hence, the distributors may start price hikes only after their stocks are absorbed by market.
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