Chinese Lead-acid Batteries imports shoot up in March
SHANGHAI (Scrap Register): China lead-acid batteries imports shot up by 29.87 percent month-on-month to 928,800 units during the month of March and 3.47 percent year-on-year, according to the latest China Customs Data.
Chinese lead-acid batteries imports which including 233,400 units of ignition lead-acid batteries, up 8.18% month-on-month and 695,300 units of other lead-acid batteries, up 39.24% month-on-month. Imports of lead-acid battery totaled 2.35 million units in January-March, 2017, up 20.13% year-on-year.
Lead-acid battery demand increased gradually in March with effect from 2017 Chinese New Year subsiding, growing imports. Imports of other lead-acid batteries rose to normal level, while growth of ignition battery was restricted by poor demand at auto market and high inventory.
China’s exports of lead acid battery were 14.01 million units in the month, up 85.13% month-on-month and down 11.71% year-on-year. Exports of ignition lead-acid battery were 1.99 million units, up 65.62% month-on-month and 36.47% year-on-year, and those of other batteries were 12.02 million units, up 88.82% month-on-month but down 16.59% year-on-year. China exported a total of 40.49 million units of lead-acid battery in January-March, down 18.2% year-on-year.
Chinese lead-acid battery producers resumed normal production in March as effect from 2017 Chinese New Year holiday subsided. Moreover, lowering inventories at foreign buyers’ hand and positive economies in Europe and the US boosted battery demand, sending battery exports up sharply on a monthly basis.
However, as policies changed, more and more domestic battery producers built plant at overseas, slashing battery exports on a yearly basis. This, combined with lower battery price in some countries, such as South Korea, led to falling battery export in March and the first quarter of 2017 on a yearly basis.