Supply Shortage Compels Secondary Lead Smelters to Raise Offers on Scrap Batteries Again-Shanghai Metals Market

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Supply Shortage Compels Secondary Lead Smelters to Raise Offers on Scrap Batteries Again

SMM Insight 10:51:25AM Jun 09, 2013 Source:SMM
SHANGHAI, Jun. 9 (SMM) – Secondary lead smelters raised their procurement prices for scrap batteries another RMB 50-100/mt shortly after an equal increase in mid-May. 
 
Although large secondary lead smelters in Hebei, Henan, and Hubei all raised their procurement prices from RMB 7,500/mt to RMB 7,550-7,600/mt in mid-May, sellers remain unimpressed and continue to refrain from selling. This has been exacerbated by falling lead prices, which have discouraged scrap battery dealers from building up their own stocks. The result is that secondary lead smelters are facing a supply shortage.  
 
This prompted secondary lead smelters to further raise their offers to RMB 7,650-7,700/mt, but thus far to no avail.
 

Supply Shortage Compels Secondary Lead Smelters to Raise Offers on Scrap Batteries Again

SMM Insight 10:51:25AM Jun 09, 2013 Source:SMM
SHANGHAI, Jun. 9 (SMM) – Secondary lead smelters raised their procurement prices for scrap batteries another RMB 50-100/mt shortly after an equal increase in mid-May. 
 
Although large secondary lead smelters in Hebei, Henan, and Hubei all raised their procurement prices from RMB 7,500/mt to RMB 7,550-7,600/mt in mid-May, sellers remain unimpressed and continue to refrain from selling. This has been exacerbated by falling lead prices, which have discouraged scrap battery dealers from building up their own stocks. The result is that secondary lead smelters are facing a supply shortage.  
 
This prompted secondary lead smelters to further raise their offers to RMB 7,650-7,700/mt, but thus far to no avail.