[SMM Analysis] A Review of This Week's Scrap Spot Price Trends, 2025.2.10-2025.2.13

Published: Feb 13, 2025 15:15

Save

[SMM Analysis: Review of This Week's Scrap Spot Price Trends, 2025.2.10-2025.2.13] This week, prices in the recycled scrap market remained basically stable. Supply side: Some hydrometallurgical plants gradually resumed production this week, but many small and medium-sized crushing plants and traders are expected to extend the holiday until around the Lantern Festival. As a result, scrap circulation in the market was limited, and trading activity was sluggish. Demand side: Prices of nickel sulphate and cobalt sulphate salts remained basically stable, while lithium carbonate prices dropped slightly. After the holiday, most crushing plants maintained a sentiment to stand firm on quotes. Some hydrometallurgical plants, due to depleted inventories, had to accept high-priced black mass in significant quantities, but the trading volume in this segment was relatively small. Most hydrometallurgical plants remained in a wait-and-see mode. In the short term, black mass prices are expected to remain temporarily stable, following price changes in nickel, cobalt, and lithium salts. Meanwhile, the black mass coefficient is likely to stay stable due to weak supply and demand.

SMM February 13 News:

This week, the recycled scrap market prices remained basically stable. Supply side: Some hydrometallurgical plants gradually resumed production this week, but many small and medium-sized crushing plants and traders are expected to extend the holiday until around the Lantern Festival. As a result, the circulation of scrap in the market was limited, and trading activity was sluggish. Demand side: Prices of nickel sulphate and cobalt sulphate salts remained basically stable, while lithium carbonate prices dropped slightly. After the holiday, most crushing plants maintained a sentiment to stand firm on quotes. Some hydrometallurgical plants, due to depleted inventories, had to accept high-priced black mass in small quantities. However, the trading volume at this level was limited, and most hydrometallurgical plants remained in a wait-and-see mode. In the short term, black mass prices are expected to remain stable, following the price trends of nickel, cobalt, and lithium salts, while the black mass coefficient is likely to stay temporarily stable due to weak supply and demand.

SMM New Energy Research Team

Cong Wang 021-51666838

Rui Ma 021-51595780

Disheng Feng 021-51666714

Ying Xu 021-51666707

Yanlin Lü 021-20707875

Yujun Liu 021-20707895

Xiaodan Yu 021-20707870

Zhicheng Zhou 021-51666711

He Zhang 021-20707850

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

15 hours ago

Beijing Launches 500-kV Power Project in Fengtai, Boosting Grid Resilience and Industrial Growth

On January 28th, the construction of the 500-kilovolt power transmission and transformation project in Fengtai, Beijing officially started. This project is the first newly-built 500-kilovolt power grid project in Beijing during the 15th Five-Year Plan period. It will significantly enhance the resilience and power receiving capacity of the southern Beijing power grid and provide reliable power support for Beijing to continuously optimize the investment structure and vigorously develop high-end, precise, and cutting-edge industries. The 500-kilovolt power transmission and transformation project in Fengtai, Beijing is a key project of Beijing's power grid during the 15th Five-Year Plan period and one of the "3 100" key projects in Beijing this year. It is constructed and managed by the State

15 hours ago

Shaanxi-Anhui UHV DC Project's 500-kV AC System at Hezhou Station Begins Operation After Trial Run

On February 1st, the 500-kilovolt AC system of the Hezhou Converter Station, the receiving-end station of the ±800-kilovolt UHV DC power transmission project from northern Shaanxi to Anhui, was officially put into operation after a 24-hour trial run.

15 hours ago

750-kV Power Line Connecting Northern to Central Shaanxi Fully Operational

On February 2nd, the 750-kilovolt power transmission and transformation project of the third passageway from northern Shaanxi to central Shaanxi was fully connected. The project starts from the 750-kilovolt Shuofang Substation in Shenmu City in the north and ends at the 750-kilovolt Bailuyuan Substation in Lantian County in the south. It has newly built a 1,271-kilometer line, passing through 18 counties (districts) in 4 cities including Yulin, Yan'an, Weinan and Xi'an.

15 hours ago