Indian producers might further raise their polymer prices as imports becoming costlier

 21 Jun :  PE, PP and PVC prices in India are likely to further escalate, if the recent increases in the Asian prices are considered as potential indications. With the polymer prices going higher in the nearby countries and the INR remaining significantly depreciated at record levels, buyers are most likely to abandon their import plans, and would tend to purchase their plastic raw material requirements from the domestic markets. To add to their raw material cost pressure, the recent international offers to India are also at high rates. The recent PVC offers from Taiwan and South Korea are at considerably high rates of $1,040 per metric tonne and $1,060 per metric tonne respectively, and the prices of the imminent offers of PE and PP are also expected to be at high rates.

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