Supply and Demand Both Wait and See, Scrap Battery Market Maintains Fluctuating Trend

SMM Mar 17 news:

Scrap battery collection prices at retail outlets varied today, reflecting divergent quotations. Some recyclers in parts of central and east China kept their purchase prices unchanged after yesterday's lead price decline, holding EV scrap battery collection prices at 9,500-9,550 yuan/mt. Other recyclers in some east China regions lowered their collection prices to 9,300-9,350 yuan/mt, following lead price trends and smelters' lower procurement offers. After some recyclers cut their prices, retail outlets held back from selling due to low purchase prices, and with relatively limited volumes of retired scrap batteries, the recyclers who reduced prices faced purchasing difficulties, resulting in overall low arrivals.