[SMM Flash News] Secondary lead smelters have reduced their purchase prices for scrap batteries due to loss pressures. During the day, smelters in Henan province lowered their prices by over 500 yuan/mt, while those in Anhui province reduced prices by around 200 yuan/mt. However, most enterprises have implemented price protection measures. Recyclers are hesitant to sell due to fears of further price drops, but the settlement prices are mostly based on the protected prices (e.g., if the price of scrap electric batteries was 10,140 yuan/mt before the price drop and 9,900 yuan/mt after the drop, the settlement price remains at 10,140 yuan/mt). Smelters have indicated that although arrivals have improved, the volume of goods is still limited.