Scrap lead battery prices weak despite LME
Sep 25, 2012 | 04:33 PM
| Sean Davidson
NEW YORK Scrap lead battery prices remained unchanged this week despite a big run-up in primary lead prices as consumers looked to take advantage of supply fundamentals.
Primary lead prices have jumped between 7 and 8 cents per pound in the past two weeks, sending scrap lead, remelt lead and cable lead prices up 5 cents per pound Monday, market participants said.
However, whole auto batteries were the sole scrap grade to remain unchanged at 43 to 45 cents per pound, indicating a relative weakness in battery prices.
London Metal Exchange three-month primary lead prices settled Tuesday at $2,292.50 per tonne ($1.04 per pound), up from $2,116 per tonne (96 cents per pound) two weeks earlier. The price has been on a steady rise since closing at $1,835.50 per tonne (83.3 cents per pound) Aug. 16. While other lead scrap grades followed the increase and gained 2 cents per pound two weeks ago (amm.com, Sept. 12), battery prices have stayed flat since mid-July, when primary lead was about 86 cents per pound.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.