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

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by - 9/21/2021 530 Views

Copper Prices on Tuesday (Sept-21-21) traded at Rs.706.50/KG in the MCX Futures.

Using Ordinary Least Square (OLS), Linear Regression, and Granger's Causality research models, we have predicted the Copper Scrap prices for the 22nd of September. We have predicted the prices of Copper Scrap 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 Copper Scrap 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 Copper Base Metal Price

Copper Scrap Price Prediction - India (Set 22, 2021)

          Graphical Representation of Copper Base Metal Price

Current MCX Copper Price India

Nagercoil, India. MCX Copper prices traded at Rs.706.50/INR on the 21st of September 2021.

Copper prices slipped on Tuesday to one-month lows as the prospect of a debt default at China property developer Evergrande Group fuelled a sell-off across financial markets and investors headed for the safe haven dollar. "Copper prices are falling in sympathy with risk-off trading and weak sentiment because of Evergrande," said Giles Coghlan, analyst at broker HYCM.

Copper prices in September drops 1.53% or Rs.10.95 from the Monday’s settlement price (Sept 20, 2021) of 717.45 INR/KG, touching 706.50INR/KG (Sept 21, 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.

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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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