Smelters push for lower prices in purchasing, overall market adopts a wait-and-see stance on scrap batteries [SMM Daily Review]

SMM July 14 News:

Lead prices fell sharply today, directly dragging down the scrap battery recycling market. Some smelters simultaneously lowered their purchase prices for batteries, and recyclers suffered losses on material procurement, daring not to purchase in large quantities. The amount of circulating scrap batteries was already scarce, and retail holders and repair shops held back from selling, waiting and watching, unwilling to sell at low prices. Supply and demand were locked in a stalemate, trading activity was sluggish, and there were no clear signs of recovery in the short term. Most traders held a wait-and-see sentiment, waiting for prices to stabilize.