From the market research, copper scraps in Tianjin market continue to be unaltered on Friday (September 21).

“We have no plan to enlarge our replenishment for this moment. On the one hand, we can’t see significant improvement in demand for copper scraps. On the other hand, we wonder whether the copper prices will continue to rally in lack of market stimulus,” said a local marketer.

At the moment of this writing, #1 Bare Bright in Tianjin market is quoted at 53,500-53,700 yuan/ton today. And #1 Copper around 52,800-53,000 yuan/ton. (Source: Lingtong Metal Information)