Copper scraps prices in Tianjin market fall sharply on Monday (November 12), according to market research.

The buyers try to cut their prices to purchase at current levels. Even though they show more interest in restocking, the holders refuse to make any concession to their prices. Overall, the market transactions are in a deadlock.

At the moment of this writing, #1 Bare Bright in Tianjin market deals between 50,700-50,900 yuan/ton today. And #1 Copper around 50,000-50,200 yuan/ton. (Source: Lingtong Metal Information)