From the market research, copper scraps prices in Tianjin market see some losses for a several-straight day on Tuesday (October 23).

Thanks to tighter supply in local market, spot copper prices show decent resilience recently. Even though many buyers are seen piling into make a purchase, the holders refuse to make any concession in their prices today. Thus, the market transactions get stuck in a ongoing deadlock.

At the moment of this writing, #1 Bare Bright in Tianjin market deals around 52,400-52,600 yuan/ton today. And #1 Copper around 51,700-51,900 yuan/ton. (Source: Lingtong Metal Information)