From the market research, copper scraps prices in Tianjin market dip sharply on Monday (November 5).

Hit by steep losses in Shanghai copper futures, spot copper market sentiment get extremely thin today. In lack of clear direction this moment, many market participants choose to keep in a wait-and-see attitude. Overall, the whole market transactions are very soft.

At the moment of this writing, #1 Bare Bright in Tianjin market deals around 50,900-51,100 yuan/ton today. And #1 Copper around 50,200-50,400 yuan/ton. (Source: Lingtong Metal Information)