July 2 Scrap Battery Market Transaction Summary [SMM Daily Review]

Published: Jul 2, 2026 13:29

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SMM News, July 2:

The SMM #1 lead ingot spot price remained flat from the previous day today, while futures continued to weaken; raw material purchase quotes from smelters showed a divergent pattern. Most smelters opted to hold their quotes steady, watching the future lead price direction, while some lowered their purchase prices slightly by about 50 yuan/mt due to widening losses. Currently, loss pressure at secondary lead smelters has become prominent, with production cuts and shutdowns continuing to increase. Combined with smelters lowering raw material purchase prices and recyclers selling off intensively, raw material arrivals at smelters rebounded slightly.

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