September 2 Scrap Battery Market Transaction Summary [SMM Daily Review]

SMM, September 2:

China's waste lead-acid battery market prices held steady today, with smelters and recyclers both quoting unchanged prices. Lead prices pulled back at the start of the week, prompting recyclers to accelerate shipments and reduce inventory out of fear of further declines, leading to a partial improvement in smelter arrivals. An SMM survey shows that a smelter in central China extended its price guarantee to the end of this week. Additionally, recyclers reported that a significant volume of supply from major holders has yet to be released, which may ease the panic selling sentiment among suppliers and raise the possibility of renewed holding back from selling in a wait-and-see stance. The tightness in supply has only marginally eased. In the short term, scrap battery prices are expected to remain stable with narrow fluctuations, and attention should be paid to lead price trends, the release of supply from major holders, and changes in recycler sentiment.