According to market research, copper scraps prices in Tianjin market bounce back on Tuesday (November 6).

Many buyers are willing to bring in some due to the rebound in Shanghai copper futures. Furthermore, the market sentiment also gets improvement today. However, faced with increasing customs clearance charges and higher cost, the holders show reluctance to sell now.

At the moment of this writing, #1 Bare Bright in Tianjin market deals between 51,000-51,200 yuan/ton today. And #1 Copper around 50,300-50,400 yuan/ton. (Source: Lingtong Metal Information)