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Monthly report: Digital battery shows downward trend (06.23-06.29)

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Lithium battery market demand remains weak. On the digital battery side, the seasonal lull is continuing. With digital battery price standing high while its main raw materials registering a substantial drop since this year, downstream pack makers have started to approach battery plants to discuss price reduction matter although no results have been produced. Right now, prevailing products of 2500 mAh cylindrical products are 6.5 yuan/pcs -6.8 yuan/pcs. On the power battery side, small and medium plants still haven't seen significant improvement in operating ratio as they say the mild recovery compared to May is more prompted by replenishing activities.
 
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