SMM Analysis: Recycling Market Sees Price Increase as Enterprises Resume Work

SMM Analysis: Recent Recycling Market Conditions

With the end of the Lantern Festival, half of the recycling enterprises have officially resumed work and production, but some enterprises are still expected to delay their resumption of work until early March. Currently, the market black powder coefficient continues to exhibit the serious phenomenon of pre-holiday inversion. At the same time, due to the relatively tight supply of market waste materials and the low level of pre-holiday waste material inventory in wet-process factories, powder mill and some traders have a strong inclination to support prices. Therefore, the prices of ternary battery powder and electrode sheet powder coefficients have slightly increased. However, as prices rise, the wet-process factories' acceptance of high-priced black powder gradually weakens. On the other hand, some traders may experience a slight easing in prices this week due to tight funding and the current price standoff. It is expected that the subsequent prices will remain stable for now.