Copper scraps prices in Tianjin market fall by about 100 yuan/ ton on Thursday (August 29), from the market research.

“We have no plan to enlarge our inventories now, just make a purchase based on our demand,” several traders said. The holders get increasing unwillingness to sell, so the trading is stalemated.

At the moment of this writing, #1 Bare Bright in Tianjin market deals around 50,300-50,500 yuan/ton today. And #1 Copper around 49,600-49,800 yuan/ton. (Source: Lingtong Metal Information)