According to market research, copper scraps prices in Tianjin market continue to slide slightly on Friday (October 26).

A lot of local buyer’s buying passion seems to have weakened recently as the price gap between copper cathode and scraps narrows further. Meanwhile, they find it very hard to buy at lower levels, so they suspend their purchase activity.

At the moment of this writing, #1 Bare Bright in Tianjin market is quoted at 52,000-52,200 yuan/ton today. And #1 Copper around 51,300-51,500 yuan/ton. (Source: Lingtong Metal Information)