Prices of some grades of the HDPE material in Indian polymer markets are likely to rise in the coming days due to the prevailing shortages. Several traders in the major markets in the country told Indianpetrochem that grades of the HDPE material, like Blow Moulding (of GAIL), Injection Moulding (of Reliance Industries Limited) and Film (of Indian Oil Corporation), were in shortage due to non-receipt of supplies from the producers. Demand for the grades were also active moderately, they said.
The shortages of the grades indicate that the prices are going to rise in the coming days in the country's markets, if fresh supplies are not released by the producers.
The supply situation is expected to further tighten as GAIL is likely to shut down its HDPE/LLDPE plant at Pata in Uttar Pradesh by mid March 2014 for maintenance purposes. The plant bears the production capacities of 100,000 tonne per annum of HDPE, and 210,000 tonne per metric tonne of LLDPE. However, the exact dates for commencing the maintenance shut-down and the duration of the shut-down period could not be ascertained until filing this news article.
By, Indu Bhusan Nath,
ibnath@indianpetrochem.com
The shortages of the grades indicate that the prices are going to rise in the coming days in the country's markets, if fresh supplies are not released by the producers.
The supply situation is expected to further tighten as GAIL is likely to shut down its HDPE/LLDPE plant at Pata in Uttar Pradesh by mid March 2014 for maintenance purposes. The plant bears the production capacities of 100,000 tonne per annum of HDPE, and 210,000 tonne per metric tonne of LLDPE. However, the exact dates for commencing the maintenance shut-down and the duration of the shut-down period could not be ascertained until filing this news article.
By, Indu Bhusan Nath,
ibnath@indianpetrochem.com
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