SHANGHAI, Aug. 7 (SMM) – Demand for secondary refined lead is predicted to grow as battery price rises will stimulus operation at battery makers, SMM reckons.
Tianneng Group, Chinese leading battery producers, announces to increase battery prices, which will be followed by other battery makers. Consequently, operating rate at battery makers will be excited, raising demand for secondary refined lead.
A 225 yuan-per-tonne price gap between SMM #1 and secondary refined lead will also lead to a rise in demand for the latter. Secondary refined lead quotes 12,900-13,000 yuan per tonne, with average price at 12,955 yuan per tonne, down 25 yuan per tonne on a weekly basis while SMM #1lead prices average 13,180 yuan per tonne , edging down 20 yuan per tonne.
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