From the market research, copper scraps prices in Tianjin market extend advances on Tuesday (December 11).
Shanghai copper futures inch higher this morning. In reactions to these gains, many holders seize the opportunity to raise their offers, but the receivers, who dare not to bring in rashly, show growing caution. In a word, the local market trading is inactive.
At the moment of this writing, #1 Bare Bright in Tianjin market deals between 51,900-52,100 yuan/ton today. And #1 Copper around 51,200-51,400 yuan/ton. (Source: Lingtong Metal Information) |