From the market research, copper scraps prices in Tianjin market fall by about 400 yuan per tonne on Thursday (December 20).

Faced with steep losses in SHFE copper futures, most of copper fabricators prefer to keep in a wait-and-see attitude. Only a few of them seize the opportunity to cut their offers for order fulfillment. However, the market trade volumes get lower on the day.

At the moment of this writing, #1 Bare Bright in Tianjin market is quoted at 51,300-51,500 yuan/ton today. And #1 Copper around 50,600-50,800 yuan/ton. (Source: Lingtong Metal Information)