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Indian Copper Scrap Price Predictions [Sept-13-21]

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by - 9/11/2021 496 Views

On the Multi Commodity Exchange, Copper Prices on the 10th of September traded at Rs.719.50/KG

Using Ordinary Least Square (OLS), Linear Regression, and Granger's Causality research models, we have predicted the prices of Indian Copper Scraps (September 13, 2021) 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 the Copper Scrap prices 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 13, 2021

Graphical Representation of Copper Base Metal Price


          Latest Indian Copper Scrap price Predictions (Sept 10, 2021) - Here!


Nagercoil, India. MCX Copper prices traded at Rs.719.50/INR on the 10th of September 2021. Copper price declines in September as factory activity slows in Europe and other Asian countries.

Copper price drops due to weak supply and demand concerns globally. The manufacturing activity in Asian and European countries was slower than expected, which fuelled market concerns over global economic recovery. Meanwhile, China’s factory activity slipped for the first time in nearly 1-1/2 years as COVID-19 containment measures, supply bottlenecks and high raw material prices weighed on output.

The official manufacturing Purchasing Manager's Index (PMI) of China fell to 50.1 in August from 50.4 in July, data from the National Bureau of Statistics (NBS) showed on Tuesday. This indicates that the spread of delta variant Covid restrictions highly impacted the Copper prices and supply concerns.

Copper prices in September rose 1.02% or Rs.7.3 from the Thursday’s settlement price (Sept 09, 2021) of 712.20 INR/KG, touching 719.50 INR/KG (Sept 10, 2021) on the MCX Futures.

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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