China sees rise in Pb-A battery imports, but exports storm ahead

    Shanghai Metals Market has reported that China imported 695,200 lead-acid batteries in July, increasing 26.1% compared with June with an increase of 11.7% year on year.
    According to China Custom’s previous report, China has imported 4.29 million lead-acid batteries, fell 6.3% year on year compared with the first half of the year, and then sees rise.
    Compared with imports, exports rise to 19.96 million in July, increases 17.07% month on month and 14.6% year on year, an India-based Scrap Register reported. 
    It is estimated that the production of lead-acid battery in China accounted for 30% of world output.
   The Chinese Ministry of Finance claimed that a 4% consumption tax will be levied on lead-acid batteries from January 1 next year, which will generate greater pressure on domestic manufacturers and therefore lead to a reduction of production.
   Chinese government promised to shut down lead-acid battery factories and secondary lead factories with ‘backward production capacities’ by the end of 2015 in one of its reports.