SMM July 13:

Lead prices were lowered by 75-100 yuan today, and the scrap battery market was sluggish. Earlier, rain-triggered work stoppages in some regions led to tight supply. Suppliers held back from selling, reluctant to sell at low prices. In addition, smelters pushed for lower purchase prices, putting recyclers under pressure on both ends, with selling at a loss and stockpiling tying up funds. Market circulation was thin, and the entire market adopted a wait-and-see stance, anticipating a market recovery. Trading was lukewarm.
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