July 7 Scrap Battery Market Transaction Summary [SMM Daily Review]

Published: Jul 7, 2026 14:02

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SMM, July 7:

Today, futures maintained a weak downward trend, and spot prices edged down by 25 yuan/mt; smelters' procurement quotes for scrap batteries remained stable, and essential restocking demand and routine production provided short-term price support. Currently, smelters' procurement costs for scrap batteries fluctuated at highs, and along with the continued weakening of spot finished products, smelting profit margins continued to shrink, and the scope of production cuts and shutdowns in the industry gradually expanded. On the other hand, affected by the consecutive pullback in procurement prices, shops held back from selling, and arrivals of scrap batteries decreased markedly.

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