From the market research, copper scraps prices in Tianjin market eke out gains on Thursday (October 18).
Most of copper fabricators, who are bullish about the coming market, return to the spot market to do some buying. Meanwhile, the holders persevere with their prices further because of tighter supply.
At the moment of this writing, #1 Bare Bright in Tianjin market deals around 53,300-53,500 yuan/ton today. And #1 Copper around 52,600-52,800 yuan/ton. (Source: Lingtong Metal Information) |