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What is the Copper Heavy Scrap Price in India Today?

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by - 11/25/2021 384 Views

As of Today, Copper Heavy Scrap Price per Kg in India(Mumbai) is 720 INR.

The Copper Heavy Scrap price in India has been on the rise since 2020. However, according to experts and analysts, Copper Heavy Scrap price continues to go up in the coming years because of higher Copper base metal prices and increasing industrial demand. If you are looking to sell/buy Copper Heavy Scrap, the Copper Heavy Scrap price will play a vital role in whether or not make your money back on your investment. For this reason, it’s important to know the current Copper Heavy Scrap price in India. 

Copper Heavy Scrap Price in Mumbai Today

As of today, Copper Heavy Scrap in Mumbai is trading at

Copper Heavy Scrap Price: Rs.720/KG

The Copper Heavy Scrap price touched a month high of Rs.720 and a low of Rs.704. The monthly average Copper Heavy Scrap price is Rs.712. Copper Heavy Scrap price touched a yearly high of Rs.775/KG. The yearly - average Copper Heavy Scrap price is Rs.666/KG. The year to date - Copper Heavy Scrap price touched a high of Rs.775 and an average of Rs.679. 

To get Copper Scrap Price instantly, please click to find Current Indian Scrap Prices and Base Metal Prices.

Monthly Graph of Copper Heavy Scrap Price in India

Factors Affecting Copper Heavy Scrap Price

Copper Heavy Scrap price is highly volatile and is affected by a lot of factors. A drastic change in Copper price may or may not affect Copper Heavy Scrap prices. It all depends on what exactly caused that change.  The Copper base metal price has increased since 2020 to around Rs.750/kg.

The demand for scrap metals, including Copper Heavy Scrap, has reached high tremendously due to the National Sword policy in China, which requires companies to buy materials locally instead of importing raw materials from abroad. This is resulting in much higher costs for traders importing materials like Copper and Iron. The fluctuations in import costs are affecting the price of recycled Copper Scrap especially Copper Heavy Scrap which is leading to higher prices for buyers who take domestic shipments compared with those who take international shipments.

Current Copper Heavy Scrap Price in India

Copper Heavy Scrap (ISRI Code CANDY) is exported or imported worldwide daily. In fact, due to their affordability and durability, Copper Heavy Scrap is exported from countries like China and other global markets—including India. Copper prices are hovering around their highest point since 2020 due to the Covid-19 pandemic that causes a huge impact on base metal prices and scrap prices, making Copper Heavy Scrap an increasingly attractive option for investors.

The current Copper Heavy Scrap price in India is Rs.720/kg (Mumbai). The Copper Heavy Scrap was trading at around Rs.450/KG during May-July during Covid lockdowns 2021. In the month of Sept-Dec 2020, after unlocking begins, the Copper Heavy Scrap price was at Rs.550 to Rs.580/KG. In the first quarter of 2021, the Copper Heavy Scrap price was Rs.630 to 690/KG. And now, Copper Heavy Scrap price ranges between Rs.700 to 750 per Kg. The Covid -19 pandemic has created a drastic price change in Copper base metals and Copper Scraps, including Copper Heavy Scrap.

Watch the Latest Video of Copper Scrap Price Prediction – India

 

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Tags : Copper Heavy Scrap, Copper Heavy Scrap Price, Copper Heavy Scrap Price in India Today


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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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