SHANGHAI, Aug.17 (SMM) – China’s leading ignition battery producers raised prices up again as rapid growth in lead price increased cost sharply, such as 6-QW-45Ah up to 230-274 yuan.
In Hubei, retailers were active in purchasing ignition battery after lead price soared, depleting inventories at distributors. 6-QW-45Ah was offered at 255 yuan.
SMM Analysis: Lead-Acid Battery Scrap Price Stabilizes, Despite of Volatile Lead Prices
Retailers in Shandong showed replenishment demand after battery producers announced to raise battery price constantly, with 6-QW-60Ah up to 340 yuan.
China’s Lead Market Sees Trading Improvement on Surging SHFE lead, SMM Reports
Ignition battery demand in Chongqing improved, as distributors built stocks with optimistic outlook. Local battery producers in face of significant rise in orders expanded operating rate by 20% on a monthly basis.
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