Refineries are unable to raise purchase quotes for scrap batteries, and the inversion phenomenon of secondary crude lead has eased [SMM Weekly Review of Scrap Batteries & Secondary Crude Lead]

SMM June 6:

After the holiday, supply in the scrap battery market showed no signs of easing. Scrap battery generation remained relatively small, with scarce supply dampening recyclers' purchase enthusiasm. Smelters received tight arrivals but generally lacked the ability to raise purchase offers due to huge losses. This week, the mainstream tax-exclusive e-bike lead-acid battery scrap price held at 9,900 yuan/mt, with some smelters considering price hikes amid urgent raw material shortages.

Secondary crude lead smelters had limited supply, but lead alloy smelters' purchase demand remained relatively small due to weak orders. This week's enterprise offers showed secondary crude lead prices remained stable and gradually widened the gap with secondary refined lead prices, easing the inverted spread.

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