SHANGHAI, Jun. 5 (SMM) – Tight spot supply allowed China’s scrap battery prices to hold high at 6,850-7,650 yuan per tonne this week, SMM data showed.
E-bike battery scrap traded at 7,450-7,650 yuan per tonne and automobile battery scrap at 6,850-7,100 yuan.
Scrap batteries supply tightened due to slow battery replacement and traders’ returning to hometown for farm work, which favored scrap batteries prices. Secondary lead smelters suffered thinner profits as secondary lead fell more sharply than scrap battery prices.
Some scrap batteries in Shandong were offered as high as 7,700 yuan per tonne June 5. Anxin Huacheng Non-ferrous Alloy Co. were uninterested in building stocks and left procurement prices for scrap automobile batteries (white shell) at 6,900 yuan per tonne.
Anhui Huaxin Lead Industry Group purchased more scrap automobile batteries (white shell) at 6,850 yuan per tonne.
Secondary lead smelters in Jiangxi told SMM that shortage in local scrap battery market eased as some goods from Anhui and Shandong flowed into Jiangxi after workers at secondary lead smelters returned to farm works.
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