[SMM Survey] the Weekly Operation rate of lead Battery picked up during May Day holiday

SMM5, March 15: according to SMM research, this week (May 11-May 15) SMM five provinces lead battery enterprises weekly comprehensive operating rate of 63.67%, an increase of 3.52% compared with last Friday.

It is understood that the market for electric bicycles and automotive batteries is in the traditional off-season. Although major enterprises generally promote finished batteries, the demand of dealers is limited, and the inventory of some enterprises is still on the high side, including the inventory of raw materials and finished products. The weekly operating rate of lead-acid batteries rose this week, mainly due to the May Day holiday last week, some enterprises have a holiday, and normal production resumed this week. In addition, the recent demand for communications batteries, coupled with the liberalization of port restrictions in some overseas countries and the resumption of export orders, the operating rate of such enterprises also rose slightly in May.

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