Fastmarkets AMM assessed the price for whole lead-acid batteries delivered to smelters at $30-32 per hundredweight on June 18, down by 3.1% from $31-33 per cwt on June 4. This marks the price's lowest since early March, and a 30.3% decrease since the assessment stood at $44-45 per cwt one year ago.
“The [lead-acid battery] market is slightly dipping due to low demand and high supply,” one buyer said.
Meanwhile, a US battery seller attributed the drop in battery prices to a lack of export demand.
Still, some market participants...