SMM Research on the National Day Holiday Arrangements of Lead-Acid Battery Producers in 2022

SHANGHAI, Sep 30 (SMM) - In August and September, the lead-acid battery market entered the traditional peak season of consumption. The supporting orders brought about by the increase in the production and sales of new cars increased, and the companies' orders generally grew amid the improving seasonal replacement demand. At the same time, due to the impact of hot weather-related power cuts in August, lead-acid battery producers in Anhui, Zhejiang, Jiangsu and other regions cut their production to varying degrees, which quickly reduced the in-plant inventory of finished products. And some producers, mainly the medium and large ones, even experienced shortages of finished products. Most large and medium-sized enterprises plan to take no or less holiday during the National Day (usually 1-3 days) as orders boom and goods are in short supply approaching the holiday, among which the small ones will take 3-5 days off.

Compared with the same period last year, major companies have similar holiday arrangements in 2022. Due to the requirement of carbon peaking in 2021, Jiangsu province has become an important region with dual control of energy consumption. Therefore, local lead-acid battery companies generally experienced power rationing and production reduction in September. After the power rationing is lifted in October, the companies will make some efforts to ensure the battery supply as soon as possible by not taking holidays or taking fewer holidays during the National Day in 2022.