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Battery Scrap Prices Remained Low and Smelters Restocked in Advance

iconMar 22, 2023 11:01
Source:SMM
The average price of e-bike battery scrap dropped 50 yuan/mt with that of white shell and black shell falling 25 yuan/mt respectively.

SHANGHAI, Mar 22 (SMM) - The average price of e-bike battery scrap dropped 50 yuan/mt with that of white shell and black shell falling 25 yuan/mt respectively. At present, the sufficient battery scrap amid the peak season and the weak demand caused by the production cuts carried out by some secondary lead smelters weighed on the battery scrap prices. But according to market landscape in previous years, market supply usually tightens amid the off-season in April-May. SMM research showed that most secondary lead smelters restocked battery scrap in advance in light of low prices. As such, the raw material inventory of smelters in Anhui, Henan, Ningxia and Jiangxi increased steadily. It is worth noting that a smelter in east China suspended the purchase of battery until this Thursday or Friday to control its raw material inventory due to the imminent environmental inspection, which promoted the local battery scrap flowed to nearby provinces.

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