SUBSCRIBER NOTE: Platts to launch lead-acid battery assessment

Platts intends to launch on October 30 a new weekly spot price assessment for US used lead-acid batteries to meet the following specification: 50% lead-acid, starter-lighterignition automotive batteries, picked up US Midwest, assessed in cents/lb, suitable for delivery to secondary smelters within 30 days, net-30 days payment terms. Minimum quantity one truckload (42,000-44,000 lb), with typical order size one to five truckloads, packaged in shrink-wrapped pallets or skids, pallet size 40" or 44" by 48", maximum 3,600 lb per skid, no more than three battery layers separated by cardboard sheets. Assessed weekly through a survey of secondary lead smelter buyers, scrap dealers/processors, traders and brokers. Input from scrap yards will also be considered for trend purposes. The lead prices will be assessed weekly on Tuesdays (or closest business day in the event of holidays).