PE demand likely to rise in Indian markets on off-takes from the packaging sector

Oct 10: Demand for PE could be expected to soon strengthen in Indian markets, if the ongoing manufacturing activities of the packaging units are considered as strong indications. The PE bag manufacturers, contacted by Indianpetrochem, told that they were carrying out active manufacturing in their units, and they will not curtail their production volumes in the coming days. The production schedules clearly indicated that requirement for PE in the manufacturing units will not only remain intact but also likely to rise, and that will necessitate active PE purchases in the coming days. Polymer traders are thus likely to see strengthening of PE demand gradually. 

For more details click here>>