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Copper Scrap Price Forecast: US & Canada – June 10, 22

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by - 6/8/2022 965 Views

Copper Scrap prices in the United States are currently trading upward, boosted by a stronger US dollar index and firmer demand growth from China.

By analyzing the correlation between Copper Base Metal prices and Copper Scrap prices, our RIM researchers using Linear Regression and Granger's Causality methods, has predicted Copper Scrap prices in the US & Canada for June 10, 2022.

We have been forecasting Copper Scrap prices in the US and Canada for several months; our research has gone successful with a difference of 0.5 to 3%. Copper Scrap producers, traders, recycling enterprises and other scrap related industries will benefit greatly from knowing the Copper Scrap price forecast.

Copper Scrap Prices Forecast for June 9, 2022, in the US & Canada

Copper Scrap Predicted Price
Copper #1 (US) $ 3.85
Copper #2 (US) $ 3.39
Brass (US) $ 2.09
Hard Brass (Canada) $ 3.77
Copper #1 (Canada) $ 5.03
Copper #2 (Canada) $ 4.72
Copper #3 (Canada) $ 4.66
Copper Radiators (Canada) $ 2.91
Sheet Copper (US) $ 3.07

Graphical Representation of COMEX Copper Base Metal Price (US)

Copper Scrap Price Forecast: US & Canada – June 10, 22

Copper Scrap prices in the United States and Canada are now trading upward momentum, boosted by a stronger US dollar index and firmer demand outlook from China.

As China recovers from Covid cases and two-month-long Covid restrictions, and now implements several policies to enhance the country's economy, manufacturing activities in major cities have resumed, and China has begun to import scrap metals and base metals.

Copper No.1 Scrap prices in the United States fluctuated around $3.6 to $3.7 per pound throughout May due to a muted global demand outlook as a result of strict Covid lockdowns in China affecting the economy.

Copper Scrap prices have risen up and are now trading at $3.90 per pound as China, the world's largest metals and scrap consumer, returned to the market to invest in this industry.

As of Today, Copper Scrap prices in the US are trading at,

Copper No.1 Scrap Prices (US)3.90 USD/Lbs

Copper No.2 Scrap Prices (US): 3.40 USD/Lbs

Sheet Copper Scrap Prices (US): 3.10 USD/Lbs

Brass Scrap Prices (US): 2.20 USD/Lbs

Today’s Copper Scrap Prices in Canada

No.1 Copper Scrap Prices (Canada)4.73 CAD/Lbs

No.2 Copper Scrap Prices (Canada): 4.45 CAD/Lbs

No.3 Copper Scrap Prices (Canada): 4.40 CAD/Lbs

Hard Brass Scrap Prices (Canada): 3.75 CAD/Lbs

Copper Radiators Scrap Prices (Canada): 2.74 CAD/Lbs

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Category : General

Tags : Copper, Copper Prices, Copper Scrap, Copper Scrap Prices, Copper Scrap Price Forecast US & Canada, Copper Scrap Price Predictions US And Canada


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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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