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

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by - 9/13/2021 473 Views

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

Using Linear Regression research model, we have predicted the prices of US and Canada Copper Scraps (September 14, 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.

Our RIM research team has been researching Copper Scrap Prices for more than a year. For the past two months, we have been predicting the US Copper Scrap prices daily. 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

US Copper Scrap Price Prediction - Sept 14, 2021

Graphical Representation of Copper Base Metal Price

Current-COMEX-Copper-Price-US

Watch the Latest US Copper Scrap Price Predictions (September 14, 2021)

 

The COMEX (US Metal Exchange) - Copper Prices rose on Friday and traded at $4.2800/lbs on the 13th of September 2021.

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.

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.

By means of Ordinary Least Square (OLS), Linear Regression and Granger's Causality research methods, we have predicted the prices of Copper Scraps for the 13th of September 2021. We have examined after a continuous daily prediction of Copper Scrap prices and concluded that our RIM research team 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 her. 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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