Oct 28 Scrap Battery Market Transaction Summary [SMM Daily Review]

SMM, October 28:

Today, mainstream quotations for domestic waste lead-acid batteries were largely flat, with no significant adjustments overall. Only a few smelters in urgent need of scrap battery raw materials for restocking raised prices slightly. Recently, strong SHFE lead prices have boosted spot lead prices, but the trend remains unstable, and macro sentiment disturbances persist, leaving smelters with little willingness to adjust prices. Scrap battery suppliers leaned toward a wait-and-see stance, with low willingness to sell. Overall market wait-and-see sentiment was relatively strong, and transactions showed mediocre performance. Waste battery prices are expected to remain largely stable in the short term, with subsequent adjustments still following lead price trends and smelters' scrap battery raw material inventory conditions.