According to market research, copper scraps prices in Tianjin market rebound slightly on Thursday (October 11).

Spot copper buyers have an intention to lower their prices today. In reactions to these offers, the holders refuse selling, however. As a result, the market gets stuck in a stalemate.

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 52,600-52,800 yuan/ton. (Source: Lingtong Metal Information)