From the market research, supported by a modest rebound in Shanghai copper futures, physical copper prices in Tianjin market also jump lightly on Friday (September 28).
A lot of buyers are no in a rush to do some buying today because order for copper scraps are improved. However, several recyclers and trader, who post bullish opinion towards coming market, are active to restocking. On the side of suppliers, they are sticking to their prices firmly in a supply shortage.
At the moment of this writing, #1 Bare Bright in Tianjin market deals between 53,300-53,500 yuan/ton today. And #1 Copper around 52,700-52,900 yuan/ton. (Source: Lingtong Metal Information) |