According to the news, the China Battery Industry Association stated that in the government’s campaign to rectify the lead-acid battery industry and curb lead poisoning, China closed nearly 90% of its lead-acid battery manufacturing companies, causing sales to decline and lead prices to come under pressure.
Cao Guoqing, deputy secretary-general of the China Battery Industry Association, said that the local Environmental Protection Agency has inspected 1,744 lead battery manufacturers, and only 229 of them are currently operating.
The declining demand may cause the LME lead price to continue its 19% decline this year, compressing the lead production companies such as Yuguang Gold & Lead (21.41, 0.11, 0.52%) and Zhongjin Lingnan (10.56, -0.02, -0.19%). profit. Battery manufacturers accounted for 80% of lead consumption, but after hundreds of lead poisoning incidents in Zhejiang and Guangdong province in June, not only battery recycling companies were closed, but production companies also stopped production.
Cao Guoqing said that sales and exports have certainly declined, putting pressure on lead prices. However, he declined to estimate the inventory levels of some 2,000 lead-acid battery manufacturers in China.
According to estimates from the China Battery Industry Association, China produced 160,200,000 kilovolt-hour-hours (KVAH) of lead-acid batteries last year, with 3.13 million tons of lead used, and the total amount of lead used in the country is estimated at 3.75 million tons, so the lead-acid battery industry uses lead. The volume proportion reached 83.5%.
Cao Guoqing stated that it is difficult to estimate when these shut-down plants will restart, but at least until the factories meet government standards.
LME three-month lead rose 3% yesterday to 2,055 US dollars per ton. Lead prices have fallen by 29% from the three-year high of $2,904 per ton set on April 11.
Cao Guoqing, deputy secretary-general of the China Battery Industry Association, said that the local Environmental Protection Agency has inspected 1,744 lead battery manufacturers, and only 229 of them are currently operating.
The declining demand may cause the LME lead price to continue its 19% decline this year, compressing the lead production companies such as Yuguang Gold & Lead (21.41, 0.11, 0.52%) and Zhongjin Lingnan (10.56, -0.02, -0.19%). profit. Battery manufacturers accounted for 80% of lead consumption, but after hundreds of lead poisoning incidents in Zhejiang and Guangdong province in June, not only battery recycling companies were closed, but production companies also stopped production.
Cao Guoqing said that sales and exports have certainly declined, putting pressure on lead prices. However, he declined to estimate the inventory levels of some 2,000 lead-acid battery manufacturers in China.
According to estimates from the China Battery Industry Association, China produced 160,200,000 kilovolt-hour-hours (KVAH) of lead-acid batteries last year, with 3.13 million tons of lead used, and the total amount of lead used in the country is estimated at 3.75 million tons, so the lead-acid battery industry uses lead. The volume proportion reached 83.5%.
Cao Guoqing stated that it is difficult to estimate when these shut-down plants will restart, but at least until the factories meet government standards.
LME three-month lead rose 3% yesterday to 2,055 US dollars per ton. Lead prices have fallen by 29% from the three-year high of $2,904 per ton set on April 11.
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