The lead battery scrap market, which had been pushing higher, suddenly reversed course. With the correction in the benchmark LME price and the strengthening of the yen, the non-ferrous metal scrap market has entered a period of adjustment. Amidst efforts to avoid a uniform loss cut on high-priced inventory such as copper scrap, Chinese traders have opted for cash sales to manage short-term cash flow. As of the 21st, prices have declined by 6 yen compared to early July, settling at 106 yen per kilogram (median price).
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