July 3 Scrap Battery Market Transaction Summary [SMM Daily Review]

SMM July 3 News:

Overnight, lead prices edged up slightly. Domestic smelters mostly maintained a wait-and-see stance, waiting for the futures market to stabilize. Smelters faced significant loss pressure, while prices for finished lead exports weakened. Coupled with high costs of raw materials such as scrap batteries, enterprises' willingness to adjust prices remained generally conservative. During the week, the pace of raw material circulation diverged: in the first half, lead prices continuously declined, and recyclers' willingness to sell rose significantly; in the second half, the market's available supplies gradually tightened. Combined with today's rebound in lead prices, smelters did not simultaneously raise their purchase prices, and recyclers' enthusiasm for selling also cooled. Overall, in the short term, purchase prices for scrap batteries will remain stable.