Spot lead prices continue to decline, while scrap battery prices resist the downturn and stabilize [SMM Scrap Battery Weekly Review]

SMM June 12 news:

This week, SMM #1 lead ingot (tax-inclusive) fluctuated downward, briefly rebounded mid-week, and then declined again, leading to a weekly loss of 200 yuan/mt. The tax-inclusive scrap battery purchase price was cut by 150 yuan/mt early in the week and then held steady, showing relatively firm performance, mainly due to smelters’ raw material procurement difficulties and declining raw material inventory.

Looking ahead to next week, the pace of production resumptions at smelters varies; some enterprises have delayed resumption, while others plan to reduce or halt production due to raw material issues. Currently, purchase prices at recycling storefronts are falling in line with procurement prices, and storefronts are holding back from selling; coupled with concentrated sell-offs of cargo during the previous lead price decline, circulating raw material supply is tight. The scrap battery purchase price is expected to remain stable in the short term.