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Copper Scrap Price Predictions for Sept 26, 22: INDIA

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by - 9/23/2022 673 Views

Copper Scrap prices in India remain on the sidelines as central banks worldwide prepare to raise interest rates, threatening demand concerns.

With the help of AI and Linear Regression research models, RIM researchers forecasted Indian Copper Scrap prices for September 26, 2022. Our Copper Scrap price predictions offer insights into scrap price fluctuations and ultimately provide the opportunity of gaining significant profits.

Our Indian Copper Scrap price prediction is very accurate and assists investors/traders in staying up to date on the scrap market and deciding when to invest in Copper Scrap commodity.

Copper Scrap Price Forecast in India For September 26, 2022

Copper Scrap Predicted Price
Hunny Yellow (Jamnagar) ₹ 486.42
Brass Hunny (Jamnagar) ₹ 461.00
Copper Utensil (Mumbai) ₹ 575.05
Copper Heavy (Mumbai) ₹ 628.29
Copper Wire (Delhi) ₹ 599.88

Market Price Graph of the MCX Copper Base Metal (INDIA)

Copper Scrap Price Predictions for Sept 26, 22: INDIA

Copper Scrap Prices Are At Range Bound On Bleak Demand Outlook

Copper Scrap prices are now fluctuating and indicating a tight range bound due to the expectation of an aggressive interest rate hike by the major central banks, which is weighing on low scrap metals demand.

Copper Scrap prices in India ended the week downward, reaching a two-week low of Rs.610/KG (Copper Wire Scrap - Delhi). However, since the beginning of the third quarter, Copper Scrap prices were hardly on the darker side, with strengthening supply-demand issues pushing Copper Scrap prices to lower levels than ever before.

The ongoing strike in Chile, higher energy costs, production cuts in major countries, slower economic activities globally, and the firmer dollar index are influencing Copper Scrap prices.

Furthermore, Copper Scrap import was relatively high on strengthening lower Copper Base Metals pricing. Copper prices in India are now trading at Rs.648.8/KG in the MCX futures.

As of today, Copper Scrap prices in India are at,

Copper Cable Scrap Prices (Mumbai): Rs.650/KG

Copper Heavy Scrap Prices (Mumbai): Rs.646/KG

Copper Utensil Scrap Prices (Mumbai): Rs.580/KG

Copper Wire Scrap Prices (Delhi): Rs.610/KG

Hunny Yellow Scrap Prices (Jamnagar): Rs.479/KG

Brass Hunny Scrap Prices (Jamnagar): Rs.463/KG

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Category : General

Tags : Copper, Copper Prices, Copper Scrap, Copper Scrap Prices, Indian Copper Scrap Price Forecast, Copper Scrap Price Predictions India

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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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