From the market research, copper scrap materials prices in Tianjin market slide moderately on Monday (October 15), dragged down by losses in Shanghai copper futures.

Response to these losses, the majority of copper manufactures and recyclers choose to take into the sidelines. “If the copper prices stay firm at $ 8,000, and not drop further in a short term, we will seize the proper opportunity to restock some,” some Tinjin-based buyers said.

However, the suppliers refuse the current offers today due to higher cost. The whole market trade volumes get lower.

At the moment of this writing, #1 Bare Bright in Tianjin market deals between 52,900-53,100 yuan/ton today. And #1 Copper around 52,200-52,400 yuan/ton. (Source: Lingtong Metal Information)