According to market research, copper scraps prices in Tianjin market trade steady on Wednesday (September 5).

Shanghai copper inches lowers today, but spot copper prices show a strong resilience because of extremely tighter supply in local market. Faced with current momentum, the fabricators and recyclers find it hard to restock some unless they raise their offers moderately.

At the moment of this writing, #1 Bare Bright in Tianjin market deals between 50,700-50,900 yuan/ton today. And #1 Copper around 50,000-50,200 yuan/ton. (Source: Lingtong Metal Information)