Indian producers likely to raise ex-works polymer prices in the imminent price revisions
30 May : The prevailing international as well as domestic market conditions indicate that there is a strong likelihood of domestic producers further raising their ex-works polymer prices in their imminent price revisions. If the international trend is taken into account, then the probability of domestic producers raising their ex-works PP prices in the next price revisions is considerably high. PP prices in Asian regions went up further, according to the latest inputs received. Domestic producers are also likely to hike their ex-works PVC prices as international import PVC offers to India became considerably costlier. The current PVC offers to India are priced at $1,030-1,040 per metric tonne CIF, for shipment in June 2013. Besides, PVC demand in the country is remarkably strong which is also likely to prompt producers to raise their PVC prices. Moreover, the INR is considerably depreciated against the USD, rendering imports becoming costlier.
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