Scrap battery supply and demand are in a two-way wait-and-see mode, and the market remains in a narrow stalemate.

SMM August 4 News:

Scrap battery circulation has been stable with no improvement, lead prices have stabilized, and the recycling end maintains a wait-and-see sentiment on shipments, while smelters' sentiment of pushing for lower prices in procurement persists. Downstream finished lead transactions remain weak, constraining smelters' enthusiasm for raw material stockpiling, and all parties' operations lean conservative. The market lacks clear positive drivers, and trading is dominated by small just-in-need orders. In the short term, scrap battery prices are unlikely to see significant upward momentum and will continue to operate in the doldrums.