SHANGHAI, Apr. 5 (SMM) - China’s exports of lead acid battery were 7.57 million in February, down 59.98% MoM and 35.65% YoY. Exports of ignition lead-acid battery were 1.20 million in February, down 31.52% MoM and 3.39% YoY, and those of other batteries reduced 62.90% MoM and 39.46% YoY to 6.36 million.
Battery export declined sharply in February due to 2017 Chinese New Year holiday and overseas clients built stocks 1-2 month before the holiday and mainly consumed battery through inventories on hand after the holiday. So, export reduced sharply in February on a monthly basis. The data declined on a yearly basis due largely to different date of 2016 and 2017 Chinese New Year holidays.
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