While the lead-acid battery market has already entered the traditional peak season in July-August, demand for lead fell short of expectations since the start of this month.
As of Wednesday July 18, 1# lead averaged at 19,125 yuan/mt, down over 2,000 yuan/mt from the end of last month.
Some small- and medium-sized lead-acid battery plants stopped procuring lead ingot and suspended their production for seven to 10 days from the start of July on concerns over costs after lead prices jumped in late June, we learned.
A fresh round of environmental probes in Jiangxi province was another headwind against lead consumption.?Some lead-acid battery plants in Yichun city in the province suspended their production again after a brief recovery at the beginning of this month with close to 1,000 mt of lead consumption affected every day. This round of probes is expected to last until July 25.
Meanwhile, battery producers’ new orders from auto-make