US scrap lead battery prices steady; limited upside seen

摘要

Prices of US scrap lead batteries continued to hold above the 30-cent mark this week, although some sources speculated there would not be a significant price uptick in the near term. “I think the upside will be limited,” a smelter source said, adding that he believed scrap-battery prices had reached an “equilibrium” with the current LME lead price. LME three-months lead closed the session $18 lower at $1,968/mt and “there’s no significant reason in the market for prices to move up more,” he said.