According to market research, copper scraps prices in Tianjin market continue to drop marginally on Friday (December 21).

Despite gains in Shanghai copper futures, the physical copper prices show strong resilience recently. Moreover, copper supply tightness and higher cost worsen holders’ reluctance to sell when the prices get a correction. The market trades remain thin today.

At the moment of this writing, #1 Bare Bright in Tianjin market is quoted at 51,100-51,300 yuan/ton today. And #1 Copper around 50,400-50,600 yuan/ton. (Source: Lingtong Metal Information)