SHANGHAI, Nov. 10 (SMM) – Profit growth slows and even returns to losses at irregular secondary lead producers in China due to slipping secondary lead and by-product prices, SMM learns.
Secondary lead prices (tax excluded) have extended losses since mid-Oct., especially in Anhui, Shandong and Jiangsu. Besides, by-product prices are also disappointing, including flue ash and plastics. However, scrap battery prices only post modest decline. All those factors cut profit for secondary lead smelters.
In Anhui, secondary lead prices average 11,500 yuan per tonne (tax excluded) on Nov. 10, down 5.2% from this year’s highest level of 12,125 yuan per tonne on May 6. Nonetheless, in the same period, scrap motive battery prices only fell 2.9%, versus a decline of 2.2% for scrap automobile batteries (white shell).
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