Copper scraps prices in Tianjin market trend to be lower on Monday (October 29), according to market research.

“Recently, the local copper supply gets decent tighter. And we also post bullish prospects toward the coming market, so we don’t want to sell at present points. If the buyers want to cut their offers further, it is very likely to buy for them,” some suppliers said. Overall, the market trades stand in a stalemate today.

At the moment of this writing, #1 Bare Bright in Tianjin market deals around 51,900-52,100 yuan/ton today. And #1 Copper around 51,200-51,400 yuan/ton. (Source: Lingtong Metal Information)