SHANGHAI, Aug. 22 (SMM) – In Zhejiang, distributors purchased based on orders, resulting in modest demand. But, local ignition battery producers reduced operating rates to 60-70% due to environmental checks.
Lead Spot Transaction Improves after Price Drops, SMM Reports
End-user demand in ignition battery market in Hubei was sluggish, and distributors were wary of stock-building. Local battery producers held operating rates at around 80%, and purchased lead based on orders.
ILZSG: Global Lead Supply Deficit Narrows in June
However, battery producers in Hebei were operational fully as improving end-user demand increased orders. Those producers bought lead mainly under term contracts.
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