NEW YORK Free-market
prices for scrap lead batteries rose a penny despite four
consecutive days of declines on the London Metal Exchange.
Smelters buying prices for
whole spent lead-acid batteries rose this week to a range of 37
to 40 cents per pound delivered from 37 to 39 cents
One battery buyer said that he
has seen strong demand over the last couple of weeks and
doesnt expect any major near-term fluctuation
Three-month lead traded at
$2,260 per tonne ($1.02 per pound) in the LMEs official
session on Jan. 16, down 6.6 percent from $2,419.50 per tonne
($1.10 per pound) on Jan. 3.
The falloff on the LME was the
result of "a few major players who have temporarily left the
market," one broker said.
Meanwhile, all other lead scrap
grades were unchanged.
"Scrap lead has been more or
less flat over the past week," the broker added.
"Seems like people had
previously inched up with the LME but have since drifted
backwards," a second broker said, indicating that there might
be "growing interest toward the end of the month."
Meanwhile, galvanizers top
dross moved down to a range of 65 to 67 cents per pound from 66
to 68 cents per pound previously.
"Things have been pretty flat
across the board," one zinc scrap buyer said. "People were
anticipating that business would be a little stronger in the
new year. That hasnt happened yet."