The production of automobiles and motorcycles decreased and the demand for supporting lead-acid batteries
decreased. According to data from the China Association of Automobile Manufacturers, the production and sales of automobiles in July still maintained a year-on-year growth, but there was a slight decline from the previous month. A total of 1.4371 million vehicles were produced in July, an increase of 10% year-on-year, and a decrease of 6.2% month-on-month; a total of 1,379,400 vehicles were sold, an increase of 8.2% year-on-year, and a month-on-month decrease of 12.6%. The ratio of production to sales was only 95.98%, the highest since January 2011. The lowest value indicates that the current situation of automobile sales is not optimistic in the context of slowing domestic and foreign economic growth. This has brought challenges to the terminal demand of manufacturers of automotive starter lead-acid batteries. Calculated on the basis that each vehicle is equipped with 12V, 100AH u200bu200blead storage batteries, the production of vehicles in July decreased by 94,200 units from the previous month, which will directly reduce the demand for supporting lead storage batteries by 113,000 KVAH. The output of lead concentrate in the first half of the year increased by 27.7% Data from the China Nonferrous Metals Industry Association showed that in June, the amount of domestically produced lead concentrate was 321,600 tons, an increase of 18.7% from the previous month and an increase of 42% year-on-year, setting a record single-month lead concentrate output. In the first six months, the cumulative production of lead concentrates was 1.4208 million tons, a cumulative increase of 27.70% year-on-year. The sharp increase in domestic lead concentrate production in June was mainly due to the increase in mineral lead production and the sharp decline in lead concentrate imports that month. According to data from the China Nonferrous Metals Industry Association, my country's mineral lead output in June was 308,600 tons, an increase of 5% from the previous month, while the import of lead concentrate dropped by 42.34% from the previous month, the largest monthly decline in the first half of the year. The decrease in the supply of imported raw materials has increased the demand for domestic lead concentrates from smelters. Lead battery output increased by 30% in the first half of the year. According to relevant data, the domestic lead battery output in June was 16.83 million KVAH, an increase of 9.76% from the previous month and an increase of more than 70% year-on-year. The cumulative output in the first half of the year was 83.72 million KVAH, a cumulative year-on-year increase of nearly 30%. In June, the domestic lead battery output increased slightly from the previous month, which was consistent with the survey data of the lead battery operating rate of Shanghai Nonferrous. The data showed that in June, driven by the gradual peak season of power batteries, the overall operating rate of domestic lead battery companies rebounded slightly from May 1.4 percentage points, 64.32%. Lead price slump in July, smelter operating rate dropped for three consecutive months. Recently, Shanghai Nonferrous Metals (SMM) surveyed the production of major domestic lead smelting enterprises, showing that the operating rate of major domestic lead smelting enterprises fell for the third consecutive month in July. 43 primary lead smelters produced a total of 188,800 tons of refined lead, and the overall operating rate was 54.96%, a decrease of 1.7% from the previous month.
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