NEW YORK Prices for whole
junk batteries fell May 7 as weakening terminal markets and
improved scrap flows led to a 2-cent-per-pound decline, sources
Market participants told
AMM that battery prices fell to a range of 38 to 40
cents per pound from 40 to 42 cents April 23.
"The (London Metal Exchange) has
continued to deteriorate and the flow of scrap has started to
pick up a bit," one junk battery buyer told AMM. "We
intend to take our quotes down to some degree. This
shouldnt come as much of a surprise based on current
market conditions. Plus, everybody thought that prices were too
Three-month lead ended the
LMEs official session at $2,037 per tonne (92.4 cents per
pound), up 1.7 percent from $2,002 per tonne (90.8 cents per
pound) April 23. The contract rose further Wednesday, finishing
at $2,067 per tonne (93.8 cents per pound).
Smelters lead scrap buying
prices held steady 78 to 80 cents per pound, remelt lead was
unchanged at 82 to 84 cents per pound and cable lead was even
at 81 to 83 cents per pound.
Prices for zinc scrap also were
unchanged from previous levels, with sources telling
AMM that market conditions had remained relatively
steady over the past two weeks.
All other secondary grades were