According to market research, there is no big movement in copper scraps prices in Tianjin market on Tuesday (September 11).

“The supply at domestic market will sustain tightness in a short term, which is expected to bolster the prices,” a market analyst told us this morning. Furthermore, a lot of market participants are keeping in a wait-and-see attitude now, so the trading is relatively slack today.

At the moment of this writing, #1 Bare Bright in Tianjin market deals between 52,000-52,200 yuan/ton today. And #1 Copper around 51,300-51,500 yuan/ton. (Source: Lingtong Metal Information)