[Secondary Pb]Secondary Lead Prices Resist Declines due to High Costs

Published: Jul 22, 2015 15:25

Save

SMM #1 lead prices slipped RMB 100/mt to 13,100-13,250 yuan per tonne July 22 while secondary lead prices held flat July 21 at 12,650-12,800 yuan per tonne today, SMM learnt.

SHANGHAI, Jul 22 (SMM) – SMM #1 lead prices slipped 100 yuan per tonne to 13,100-13,250 yuan per tonne July 22 while secondary lead prices held flat July 21 at 12,650-12,800 yuan per tonne today, SMM learns.

High scrap battery price is the main support to firm secondary lead prices. Most secondary lead smelters still keep operation despite of light profits, resulting in fierce competition among those smelters to hunt scrap batteries, which allows scrap battery prices to stay high, SMM understands.

Tightness in scrap batteries is worsened by scrap battery stores’ reluctance to sell, lending support to scrap battery prices again.

Some regular secondary lead smelters report troubles in sourcing scrap batteries currently even if they raise procurement prices. As such, secondary lead prices will not be set for drop in near term.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

secondary lead prices Secondary Pb lead prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

11 hours ago

[SMM Analysis] Key Anchor in Great Rivalry:The U.S. "Project Vault" and the Changing Resource Landscape in Latin America

[SMM Analysis: Key Anchor in Great Power Rivalry: The U.S. "Project Vault" and the Changing Resource Landscape in Latin America] While the second phase of Chinese company's Mirador copper mine in Ecuador remains mired in a 'completed but awaiting approval' deadlock, 10,000 kilometers away in Washington, the President, alongside the Export-Import Bank of the United States, is announcing a historic supply chain security initiative named 'Project Vault.'

11 hours ago

Key Anchor in Great Power Rivalry: The US Treasury Plan and Latin America's Resource Transformation [SMM Analysis]

[SMM Analysis: The "Key Anchor Point" in Great Power Rivalry: The US "Treasury Plan" and the Resource Reshuffle in Latin America] As the second phase of the Mirador copper mine project in Ecuador, developed by a Chinese enterprise, remains stuck in a "built but awaiting approval" deadlock, ten thousand kilometers away in Washington, the US Export-Import Bank, together with the President, is announcing a historic supply chain security initiative called the "Treasury Plan." In the pause and the start, a global covert battle over critical minerals such as copper, lithium, cobalt, and gallium is moving from behind the scenes to the forefront.

11 hours ago

12 hours ago

【SMM News Flash】Hindalco Q3 Profit Falls 45% on US Subsidiary Disruptions, Despite Robust Metal Prices

【SMM News Flash】Hindalco Industries reported a 45% decline in Q3 profit, despite strong aluminum and copper prices, as rising costs and operational disruptions at its US subsidiary Novelis weighed on performance.The metal producer, part of the Aditya Birla Group, posted a consolidated net profit of 20.49 billion rupees for the three months ended December 31, down from 37.35 billion rupees a year earlier.The profit drop was mainly due to an exceptional expense of 26.1 billion rupees related to disruptions at the Oswego plant in New York.

12 hours ago