From the market research, copper scraps in Tianjin market hover at yesterday’s level on Thursday (September 13).

Spot holders are eager to doing some selling at current relatively high points in order to avoid risk. However, there are fewer copper receivers in local market as many fabricators suspend their purchase schedule. Moreover, traders’ buying passion to chase the trend seems to have cooled down and the trading is not as brisk as the prior session.

At the moment of this writing, #1 Bare Bright in Tianjin market deals around 52,200-52,400 yuan/ton today. And #1 Copper around 51,500-51,700 yuan/ton. (Source: Lingtong Metal Information)