According to market research, copper scraps prices in Tianjin market surge further on Wednesday (August 22).

Many spot holders raise their prices sharply, buoyed by surging gains in Shanghai copper futures. There are also increasing buyers who are active in making an enquiry today. However, they dare not to chase the high rashly.

At the moment of this writing, #1 Bare Bright in Tianjin market deals between 50,300-50,500 yuan/ton today. And #1 Copper around 49,600-49,800 yuan/ton. (Source: Lingtong Metal Information)