Copper Scrap prices are almost connected to Copper Base Metal pricing. Copper Scrap prices in India have dropped sharply for the fourth consecutive day, as Copper prices have continued to fluctuate due to increased demand growth in China, causing Copper Scrap prices to fall.
Our RIM research team predicted Copper Scrap prices in India for June 11, 2022, by examining the correspondence between Copper Base Metal prices and Copper Scrap prices using Linear Regression and Granger's Causality techniques.
Copper Scrap price forecasting aims to understand the current market trends in the Copper Scrap industry and the external factors that influence Copper Scrap prices.
Copper Scrap Prices Forecast in India for June 11, 2022
| Copper Scrap | Predicted Price |
| Hunny Yellow (Jamnagar) | ₹ 537.24 |
| Brass Hunny (Jamnagar) | ₹ 526.99 |
| Copper Utensil (Mumbai) | ₹ 722.98 |
| Copper Heavy (Mumbai) | ₹ 793.58 |
| Copper Wire (Delhi) | ₹ 739.22 |
Graphical Representation of MCX Copper Base Metal Price (INDIA)
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Copper prices increased by Rs.807 per kg in early June as China relaxed Covid shutdowns and resumed normal operations and factory activities due to decreased Covid cases, which increased Copper Scrap supply and caused prices to rise.
Consequently, Copper Scrap prices have now fallen sharply as Copper prices are fluctuating for the fourth straight day because of weakened demand concerns for Copper Scraps from major countries.
Copper prices in India are trading at Rs.794.6 per KG on June 9, 2022, in the MCX futures, which is 0.09% up from the previous closing price.
As of today, Copper Scrap prices in India are trading at,
Copper Cable Scrap Prices (Mumbai): Rs.775/KG
Copper Heavy Scrap Prices (Mumbai): Rs.765/KG
Copper Utensil Scrap Prices (Mumbai): Rs.695/KG
Copper Wire Scrap Prices (Delhi): Rs.708/KG
Hunny Yellow Scrap Prices (Jamnagar): Rs.523/KG
Brass Hunny Scrap Prices (Jamnagar): Rs.507/KG
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