Producer price reductions, ample supply prompt some plastic item manufacturers to stock raw material inventories

Oct 21: Demand for polymers improved slightly today in the Delhi market, according to some traders in the market. But, the overall market conditions underwent no major improvement. Describing the prevailing market conditions, a trader in the market said," Polymer demand has improved slightly today, and that seems to be due to the recent price reductions by producers. But, there is no major fluctuation in polymer prices." A market research conducted by Indianpetrochem revealed that some plastic item manufacturers also started stocking raw material inventories, as supplies were ample and producers lowered their prices. A PE bag manufacturer told Indianpetrochem about his current raw material procuring practice," I am stocking raw material inventory to sustain my production for at least three weeks, as producers have not only lowered their prices and ensured price protections, but also ample supply is available." He further said," Since, no one can be sure of upto when supplies of the domestic producers would remain uninterrupted, I prefer to stock raw materials to ensure uninterrupted production in my factory."
For more details click here>>