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Copper Scrap Price Prediction - India [Oct-08-21]

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by - 10/7/2021 902 Views

On the Multi Commodity Exchange, Copper Prices on Thursday (Oct-07-21) traded at Rs.712.10/KG.

By means of Granger's Causality, Ordinary Least Square (OLS), and Linear Regression research models, we have predicted the Copper Scrap prices for the 8th of October. We have predicted the prices of Copper Scrap such as Copper Wire Scrap (ISRI Code BARLEY), Brass Hunny Scrap (ISRI Code HONEY), Copper Heavy Scrap, Copper Utensil Scrap, and Hunny Yellow Scrap. Copper Scrap Price predictions will provide valuable insights to Copper Scrap producers, traders, exporters, importers and Copper recycling companies.

Predicted Value of Copper Scrap Price from Copper Base Metal Price

Copper Scrap Price - India (Oct - 08 - 21)

                             Graphical Representation of Copper Price


        Watch the Latest Video of Copper Scrap Price Prediction - India


Nagercoil, India. MCX Copper Prices traded at Rs.712.10/KG on the 7th of October 2021.

China is the world's biggest user of Copper, accounting about 50 percent of global consumption. Slowdown of China’s manufacturing activity and Evergrande crisis are the key factors for the drop in Copper prices.

Copper Prices in October rose 0.54% from the Wednesday’s settlement price (Oct 06, 2021) of Rs.708.30/KG, touching Rs. 712.10/KG (Oct 07, 2021) on the MCX Futures.

As of Oct 7, 2021, Copper Scrap Prices are

No.1 Copper Scrap Prices (South India): Rs.563/KG

No.2 Copper Scrap Prices (South India): Rs.473/KG

Delhi Copper Wire Scrap Prices: Rs.650/KG

Delhi Copper Mixed Scrap Prices: Rs.651/KG

Mumbai Copper Heavy Scrap Prices: Rs.633/KG

Mumbai Copper Utensil Scrap Prices: Rs.532/KG

Mumbai Copper Cable Scrap Prices: Rs.702/KG

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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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