LDPE demand to stay moderate in Indian markets in the near term

30 August: Demand for LDPE in Indian polymer markets is expected to remain moderate in the coming days. The weak INR will continue to keep polymer prices high in India, ruling out prospect of any price moderation in the near term. LDPE buyers in the country thus could not expect any respite from raw material cost pressure in the days to come. A market survey conducted by Indianpetrochem revealed that prices of the end-products of LDPE went higher due to prevalence of high raw material cost, as a result of which, sales of LDPE end-products lessened in some markets. Some LDPE item manufacturers also told Indianpetrochem that they curtailed their manufacturing volumes as costlier end-products resulted in lesser sales.
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