SHANGHAI, Jun. 12 (SMM) – Profits for secondary lead smelters held stable this week because of limited change in secondary lead price and quiet trades, SMM learned.
Secondary lead prices remained at 12,600-12,800 yuan per tonne (tax included), with average price down 10 yuan to 12,715 yuan per tonne. Wait-and-see posture overshadowed the market, leaving trades muted.
Average price for scrap automotive batteries (white shell) and motive batteries dropped 5 yuan per tonne, reducing smelting cost by about 7.6-8.4 yuan per tonne.
Some smelters in Shandong and Anhui halted production heading into June due to thinner profits versus April or May and fewer workers during busy season.
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