Operating Rate across Chinese Lead-Acid Battery Producers Rose Last Week

SHANGHAI, Feb 20 (SMM) - The average operating rate across lead-acid battery producers in five provinces increased 4.44 percentage points to 73.77% last week (February 11-17).

The upstream and downstream enterprises in the lead-acid battery market have fully resumed production as of last week.

At the same time, the consumption in the end-user market has picked up, and the enthusiasm of dealers to purchase has increased, especially in the electric bicycle battery sector. Finished product inventories at battery producers were gradually digested. Several companies reported shortages of a few specifications.

Therefore, battery companies represented by electric bicycle batteries raised the operating rate last week, with the operating rates at medium and large enterprises exceeding 80%.