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Copper Scrap Price Prediction - US [Sept-22-21]

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by - 9/21/2021 515 Views

Copper Prices on Monday (Sept-20-21) traded at $4.1245 per pound in the CME Futures

By means of Ordinary Least Square (OLS), Linear Regression and Granger's Causality research models, we have predicted the Copper Scrap prices for the 22nd of September 2021.

We have predicted the Copper Scrap prices such as Copper No.1 US, Copper No.2 US, Hard Brass US, Copper No.1 Canada, Copper No.2 Canada, Copper No.3 Canada, Copper Radiators Canada, and Sheet Copper US. Copper Scrap price prediction will provide valuable insights to Copper Scarp producers, traders, exporters, importers and Copper recycling companies.

For the past two months, our RIM research team has 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%.

Predicted Value of Copper Scrap Price from Copper Base Metal Price

Copper Scrap Price Prediction - US (Sept 22, 2021)

              Graphical Representation of Copper Base Metal Price

Current COMEX Copper Price US

The COMEX (US Metal Exchange) - Copper price dropped on Monday and traded at $4.1245 per pound.

Copper prices on Monday declines as China stepped up restrictions on industrial activity and fears about the collapse of the country’s largest property developer intensified. The main reason for the drop is debt crisis at China developer Evergrande Group spurred a sell-off across financial markets and investors headed for the safe haven dollar.

Copper prices in September slipped 3.74% from the previous settlement price, touching $4.1245 per pound (Sept-20-21) 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.

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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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