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Prediction of US Copper Scrap Price [Sept-13-21]

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by - 9/11/2021 705 Views

Copper Prices on Friday (Sept-10-21) traded at $4.2800 per pound in the CME Futures

Our RIM research team has been researching Copper Scrap prices for more than a year. For the past two months, we have been in the process of predicting the US Copper Scrap prices. Our research has gone successful and we have predicted with the difference value of 0.5 to 2%.

Using Linear Regression research models, we have predicted the prices of US and Canada Copper Scraps (September 13, 2021) such as Copper No.1 US, Copper No.2 US, Hard Brass Canada, Copper No.1 Canada, Copper No.2 Canada, Copper No.3 Canada, Copper Radiators Canada, and Sheet Copper Canada. Copper Scrap Price predictions 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

US Copper Scrap Price Prediction - Sept13, 2021

Graphical Representation of Copper Base Metal Price

/Current-COMEX-Copper-Price-US

          Latest US Copper Scrap Price Predictions (Sept 10, 2021) - Here!

 

The COMEX (US Metal Exchange) - Copper prices rose on Friday and traded at $4.2800/lb. in the CME futures.

Copper price falls in September due to low Copper import from the top consumer china. China’s Copper imports in August dropped 41% year-on-year to their lowest since June 2019, as high prices and slower economic growth kept a lid on demand.

Arrivals of unwrought Copper and products into the world’s top Copper consumer were 394,017 tonnes last month, the General Administration of Customs said, down 7% from a month earlier and the fifth straight monthly decline.

The data showed Chinese Copper imports have declined in every month since October last year, except for March, after strong imports in the middle 2020 when China's economy rebounded strongly from the coronavirus pandemic. Factory activity grew at a slower pace in August versus July, although the construction sector, a key Copper user, accelerated at its fastest pace since March.

Copper price in September increases 1.22% from Thursday’s settlement price, touching $4.2800 per pound (Sept-10-21) on the COMEX market in New York.

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.

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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