From the market research, copper scraps prices in Tianjin market inch lower on Tuesday (October 30).

Shanghai copper futures continue to get a correction today, weighting on spot copper scraps participants’ concerns. Faced with extremely tight supply, the holders stand their reluctances to sell at current levels, so the trading volumes are on the light side.

At the moment of this writing, #1 Bare Bright in Tianjin market deals between 51,500-51,700 yuan/ton today. And #1 Copper around 50,800-51,000 yuan/ton. (Source: Lingtong Metal Information)