SHANGHAI, Jul. 19 (SMM) – Ignition battery replacement demand improved in Hubei, reducing inventories, local distributors told SMM. But, they will not replenish stocks and sell goods by on-hand inventories, as falling lead price will drag down battery price.
High Temperature Shores Up Ignition Battery Demand, SMM Surveys
In Guangdong, battery producers in face of sluggish orders and high temperature cut output by around 20%.
High Temperature Affects Production at Lead Smelters, SMM Says
Distributors in Zhejiang were wary of purchases in response to falling lead price and poor end-user demand. As such, local battery producers are planning to have their workers take 1-2 holidays for high temperature.
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