According to market research, there sees some losses in copper scraps prices in Tianjin market on Friday (December 7).

The whole market’s fund will be severely strained by the end of current year, so both of buyers and sellers make a deal in cash. Moreover, weak demand for copper scraps also sharpens market sentiment.

At the moment of this writing, #1 Bare Bright in Tianjin market deals between 51,200-51,800 yuan/ton today. And #1 Copper around 50,900-51,100 yuan/ton. (Source: Lingtong Metal Information)