July 6 Scrap Battery Market Transaction Summary [SMM Daily Review]

SMM July 6:

Today, spot lead prices edged lower, while the futures market maintained a fluctuating trend. Downstream smelters' raw material purchase quotations remained broadly stable, with no significant price adjustments for the time being, as most held a wait-and-see sentiment awaiting market clarity. Currently, inventories at China's secondary lead smelters are at relatively low levels, and many enterprises saw their June raw material inventories continue to decline. Dragged by the weak market, the industry's overall operating rate extended its pullback last week, and smelters' willingness to actively raise purchase prices to acquire materials for restocking remained subdued. In the short term, spot lead lacks strong bullish support, making it difficult for smelters' raw material purchasing enthusiasm to improve. Purchase prices are expected to remain largely stable.