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Copper Scrap Price Prediction - India [Oct-11-21]

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by - 10/9/2021 758 Views

Copper Price increases on Friday (Oct-08-21) and traded at Rs.727.40/KG on the MCX Futures.

Copper Scrap Price predictions will provide valuable insights to Copper Scrap manufacturers, traders, exporters, importers and Copper recycling companies. We have predicted the Copper Scrap prices for the 11th of October using Granger's Causality, Ordinary Least Square (OLS), and Linear Regression research models.

Our RIM research team has 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.

Predicted Value of Copper Scrap Price from Copper Base Metal Price

Copper Scrap Price Prediction - India - Oct 11, 2021

Graphical Representation of Copper Base Metal Price

Current-MCX-Copper-Price-India

Nagercoil, India. MCX Copper Prices surges on Friday and traded at Rs.727.40/KG on the 8th of October 2021.Copper prices rose as supply disruption arises in Peru, the world’s second-biggest producer of industrial Copper metal after neighboring Chile.

An indigenous community had blocked the road to protest against the environmental and social impact of the Copper mines. This blockade affects two Copper mines namely Antapaccay is Peru’s sixth-largest copper mine, whereas Las Bambas ranks fourth-largest Copper mine.

On the Multi Commodity Exchange, Copper Prices traded at Rs. 727.40/KG on 10-08-21(Friday), 2.15% or Rs. 15.3 higher than the previous closing price of Rs.712.10/KG (10-07-21)

While I write this article, Copper Scrap Prices are

Copper Cable Scrap (Mumbai): Rs.714/KG

Copper Utensil Scrap (Mumbai): Rs.532/KG

Copper Heavy Scrap (Mumbai): Rs.703/KG

Copper Wire Scrap (Delhi): Rs.658/KG

Copper Mixed Scrap (Delhi): Rs.651/KG

No.1 Copper Scrap (South India): Rs.562/KG

No.2 Copper Scrap (South India): Rs.472/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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