Operating Rate of Lead-Acid Battery Plants Rose 4.28% on Week

SHANGHAI, Oct 29 (SMM) - The average operating rates across lead-acid battery producers in Jiangsu, Zhejiang, Jiangxi, Hubei and Hebei provinces increased 4.28 percentage points from October 22 to 74.56% as of Friday October 29.

The distributors were more active in purchase amid the eased power rationing in Jiangsu and the rising lead prices. The orders of the lead-acid batteries for electric bicycle and electric car increased, and some producers raised the operating rates due to the shortage of the finished products.

The power rationing in Zhejiang and Anhui has not been fully lifted yet, which may continue to affect the production of the lead-acid battery companies.