Tight Supply Grows Secondary Lead Profits in China

SHANGHAI Jan. 22 (SMM) – Profits increased marginally for Chinese secondary lead producers this week on the back of tightened supply and rise in refined lead prices.

Secondary lead prices were mainly at 12,450-12,650 yuan per tonne (including tax), with average price at 12,555 yuan per tonne, up 20 yuan per tonne from a week earlier. On the other hand, average purchase price for scrap automobile batteries (white shell) and motive batteries stood at 6,650 yuan per tonne and 7,225 yuan per tonne, respectively falling 45 yuan per tonne and 5 yuan per tonne, both on the weekly basis. This reduced smelting costs by 10-70 yuan per tonne. 

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