【SMM Analysis: The Vicious Circle of "Higher Prices, Harder to Acquire

Published: Jul 17, 2024 12:59

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【SMM Analysis: The Vicious Circle of "Higher Prices, Harder to Acquire" in Scrap Batteries - How to Break It?】SMM News on July 17th: Entering the third quarter of 2024, the upward trend of lead prices remains strong, with the monthly K-line seeing five consecutive upticks. The spot price of SMM1# lead has hit a new high in nearly six years... Under the continuous rise in scrap battery prices, stores and recyclers are reluctant to sell due to bullish sentiment, creating a vicious circle of "the harder to acquire, the higher prices go" between them and smelters. According to SMM research, the raw material inventory of secondary lead smelters is still on a downward trend...

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