Recyclers hold back from selling, smelters' scrap battery purchase quotes show signs of increase.

SMM August 7 News:

Driven by demand for price increases in finished secondary lead, scrap battery holders in the recycling sector have shown a sentiment of holding prices firm, unwilling to sell at low prices. However, loss-making pressure at smelters persists, the sentiment of pushing for lower prices in purchasing remains strong, acceptance of high-priced raw materials is limited, and only a few smelters have raised their purchasing bids. Currently, market circulating goods are not particularly abundant, the recycling and circulation sector is cautious in purchasing, bids from various parties diverge significantly, and overall transactions are subdued. In the short term, scrap battery prices are unlikely to see wild swings, and the market trend still depends on whether transactions in finished secondary lead can materialize. The pace of raw material restocking by smelters will dictate the scope for subsequent price collection adjustments.