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Daily Prediction of Indian Copper Scrap Price [Sept-14-21]

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by - 9/13/2021 525 Views

Copper Prices on the 13th of September traded at Rs.739.95/KG in the MCX Futures

Our RIM research team has predicted the Indian Copper Scrap prices for the 14th 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 14, 2021

             Graphical Representation of Copper Base Metal Price

MCX Copper Price India

Latest Indian Copper Scrap Price Predictions (September 14, 2021) – Here!

 

Nagercoil, India. MCX Copper prices settled at Rs.739.95/KG on the 14th of September 2021. A broad rally in Copper base metals with tight supply and booming demand pushes Copper prices to multiyear highs.

The surge in commodities, as well as soaring shipping and power costs, is fueling global consumer prices. China’s factory-gate inflation accelerated to a 13-year high, while US consumer prices are forecast to rise by more than 5% for a third straight month. With aluminum prices surging 43% this year, the lightweight metal’s cost-competitiveness against Copper is fading fast. From Aluminum to Oil to Copper, many commodities prices have risen this year as demand rebounded from the early days of the pandemic and speculators piled in.

Copper prices in September rose 2.84% or Rs.20.45 from the Friday’s settlement price (Sept 10, 2021) of 719.50 INR/KG, touching 739.95 INR/KG (Sept 13, 2021) on the MCX Futures.

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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