PET trading in Indian markets is on a dull note. Traders do not foresee any strengthening of demand for the raw material in the near term. Prices of the material in the major markets in the country also remained almost stable after the last price reduction by Reliance Industries Limited. Meanwhile, PET prices have been on a downward trajectory in the South East Asian region.The price in the Asian market has gone down due to falling input costs, and demand in the region is also weak.
PET is sold at Rs 108 a kg in the major markets in the country.
So, will Indian producers lower their ex-work prices in the upcoming price revisions? The prevailing domestic, international markets hint so.
(This article was published on the website on October 13, 2014)
PET is sold at Rs 108 a kg in the major markets in the country.
So, will Indian producers lower their ex-work prices in the upcoming price revisions? The prevailing domestic, international markets hint so.
(This article was published on the website on October 13, 2014)
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