According to market research, copper scrap materials prices in Tianjin market rally slightly on Friday (November 30).

In reactions to gains in Shanghai copper futures, the holders are scrambling to raise their prices, having increasing intention to sell some materials. At present, the buyers dare not to chase the price high, so the market trades are still light.

At the moment of this writing, #1 Bare Bright in Tianjin market deals between 51,400-51,600 yuan/ton today. And #1 Copper around 50,700-50,900 yuan/ton. (Source: Lingtong Metal Information)