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Daily Prediction of Copper Scrap Price [August-03-21]

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by - 8/2/2021 768 Views

By Analyzing the Correspondence between Copper Primary and Copper Scrap, we have predicted the Copper Scrap Prices for August 3rd, 2021

We have predicted 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. By examining 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 for August 3rd. 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

Ordinary Least Square (OLS), Linear Regression, and Granger's Causality are the research methods we used to predict the prices of Copper Scraps. The Linear Regression model predicts the Copper Scrap prices with an accuracy of over 98%. Our RIM research team, with the help of our AI wing, we have been researching Copper Scrap prices for more than a year 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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