PP prices in the major polymer markets in India exhibited an almost linear trend during the week ended on October 31, 2013. Demand conditions were sluggish on need-based buying practices of most buyers in the country.
Many traders expected demand to rise by the second half of this month.
During the week, Reliance Industries Limited lowered its PP price by Re 1 a kg, and Indian Oil Corporation reduced its PP price by Re 0.50 a kg, apparently in view of the prevailing demand conditions.
During the week, LyondellBasell, of Saudi Arabia, was heard to offer its PP (Film) to India at $1,540 per metric tonne, for shipment within this month.
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Many traders expected demand to rise by the second half of this month.
During the week, Reliance Industries Limited lowered its PP price by Re 1 a kg, and Indian Oil Corporation reduced its PP price by Re 0.50 a kg, apparently in view of the prevailing demand conditions.
During the week, LyondellBasell, of Saudi Arabia, was heard to offer its PP (Film) to India at $1,540 per metric tonne, for shipment within this month.
Continue reading the main story>>
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