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Copper Scrap Price Predictions - India [September-03-21]

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by - 9/2/2021 774 Views

Using Linear Regression research models, we have predicted the Indian Copper Scrap Price from Base Metal Copper Price for the 3rd of September 2021

Our RIM research team has predicted the Indian Copper Scrap prices for the 3rd of September 2021 by using Ordinary Least Square (OLS), Linear Regression and Granger's Causality research models. We have calculated the prices of Copper Scraps such as Copper Wire Scrap, Brass Hunny, Copper Heavy Scrap, Copper Utensil Scrap, and Hunny Yellow. Copper Scrap price predictions will provide valuable insights to Scrap Copper producers, traders, exporters, importers and Copper recycling companies.

In August, we have been in the process of predicting the Indian Copper Scrap prices. Our research has gone successful and, we have predicted with the difference value of 0.5 to 2%.

Predicted Value of Copper Scrap Price from Base Metal Copper Price

Indian Copper Scrap Price Prediction - Sept 03, 2021

Graphical Representation of Copper Base Metal Price

Current-MCX-Copper-Price-India

Latest Indian Copper Scrap Price Predictions (September 02, 2021) - Here!

 

Nagercoil, India. Copper prices traded at Rs. 720/INR on the 1st of September 2021.

Copper price remains constant in the 1st of September. Recent data shows that the manufacturing activity in Asian and European countries was slower than expected, which fuelled market concerns over global economic recovery. On the other hand, the US manufacturing sector expanded faster than expected in August, manufacturers are still facing constraints from supply chain.

Meanwhile the Chinese government plans to release more Copper, Aluminium and Zinc from its national reserves early this month. "At present, Copper, Aluminum and Zinc prices remain high, and a number of downstream small and medium-sized companies are still facing difficulties in production and operation. The first two releases of 270,000t were well received by the community. We will continue to release state reserves of Copper, Aluminum and Zinc in the future to ensure supplies and stabilize prices for bulk commodities," the NFSRA said before the third auction was announced. In the coming days, we can expect China’s release of state reserves will impact Copper prices.

We have examined after a continuous daily prediction of Indian Copper Scrap prices and concluded that the Linear Regression model predicts the Copper Scrap prices with an accuracy of over 98%.Our RIM research team continues the research on Copper Scrap prices, and we will update it here. Subscribe for RIM Scrap Price Access and Current Copper Scrap prices.

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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