According to market research, copper scraps prices in Tianjin market rally by about 100 yuan per tonne on Monday (December 17).

The holders are piling into raise their prices, persevering in their offers very firmly. On the side of buyers, several of them prefer to restock some materials at higher levels while the majority of them opt to sit into the sideline.

At the moment of this writing, #1 Bare Bright in Tianjin market is quoted at 52,000-52,200 yuan/ton today. And #1 Copper around 51,300-51,500 yuan/ton. (Source: Lingtong Metal Information)