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China’s Scrap Battery Shortage May Support Lead Prices - SMM

Release time:2015-02-02

Jan 31, 2015 14:52 GMT   Source:SMM

 

SHANGHAI, Jan. 30 (SMM) – China’s scrap batteries are in short supply as many traders in Zhejiang have suspended operations, SMM’s recent research shows. The tightening scrap battery supply is likely to lend some support to lead prices, SMM holds. A large number of traders have ceased operations in Ningbo. Scrap battery supply is tight in the city as many battery retailers refrain from selling against low prices. Even licensed companies report less than 100 tonnes of daily scrap battery purchases, well below previous 300 tonnes. Scrap battery supply is comparatively sufficient in Zhejiang’s Changxing which hosts a large number of lead-acid battery producers,......

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