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Daily Copper Scrap Price Predictions [JULY-28-21]

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by - 7/27/2021 850 Views

By Analyzing the Correlation between Copper Primary and Copper Scrap, we have predicted the Copper Scrap prices for 28th July.

By means of Ordinary Least Square (OLS), Linear Regression and Granger's Causality research methods, we have predicted the prices of Copper Scraps for 28th July. We have calculated the prices of Copper Scraps such as Copper No.1 US, Copper No.2 US, Hard Brass, Copper No.1 Canada, Copper No.2 Canada, Copper No.3 Canada, Copper Radiators, and Sheet Copper. We have examined the interdependence between Copper base metal and Copper Scrap over the past 10 years (2011-2021) and that helps to predict the Copper Scrap prices based on COMEX EOD (End of Day) prices of primary Copper. This will provide valuable insights to Scrap Copper producers, traders, exporters, importers and Copper recycling companies.

Predicted Value of Copper Scrap Price from Base Metal Copper Price

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Graphical Representation of Copper Base Metal Price

The Linear Regression model predicts the Copper Scrap prices with an accuracy of over 98%. Our RIM research team still continues the research on Copper Scrap prices and we will update it here. Subscribe for RIM Scrap Price Access and Current Copper Scrap prices.

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Category : General

Tags : Copper, Copper Scrap, Copper Scrap Price, Copper Scrap Price Predictions


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About Jenisha Rajakumar

I'M a Research Analyst and Content Creator at RIM. Currently I'm researching on Copper Prices around the Globe and the impacts on Copper Scrap Prices with regard to COMEX, LME, SHFE and MCX. .... more info

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