Monday 23 December 2013

PE prices moved very leanly & demand conditions were moderate this week

PE prices moved very leanly in the major polymer markets in India during the week ended on December 21, 2013. Demand conditions were moderate and most buyers preferred the need-based procurement strategy.

During the week, Indian producers raised their PE prices. Reliance Industries Limited raised its HDPE, LDPE and LLDPE prices by Re 1 a kg respectively. IOCL raised its HDPE and LLDPE prices by Re 1 a kg respectively. And, GAIL raised its HDPE and LLDPE prices by Re 1 a kg.

During the week there was no international price influence on the prices in the country.

In the South East Asian region, prices of the Blow Moulding and Injection Moulding grades of HDPE were assessed stable at $1,522 per metric tonne respectively.  LDPE price in the region were assessed down by $10 per metric tonne, at $1,682 per metric tonne. LLDPE price was assessed down by $5 per metric tonne, at $1,547 per metric tonne

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