Moderate PS demand prevails in Indian markets

Oct 25: Traders in the major markets in India expected demand for PS to strengthen after the Diwali festival as manufacturing activities are likely to gain momentum. The prevailing PS off-takes in the major markets in the country were of moderate levels, with prices not undergoing any major movement. A Mumbai-based trader told Indianpetrochem in the context of the prevailing market conditions," Demand for PS is currently moderate, but it is expected to rise after Diwali." 
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