Buyers expect further PP price reductions; Stick to need-based buying strategy

19 Sep: The price reductions for PP, announced today by Reliance Industries Limited (RIL) and HPCL-Mittal Energy Limited (HMEL), triggered expectations of further price cuts among most buyers in India. Many PP buyers in the country, with whom their raw material purchasing plans were discussed, said that they preferred continue to purchase their PP requirements on need-basis as they expected further price cuts by producers in the country in the coming days. RIL and HMEL today lowered their PP prices by Rs 2 a kg.
For more details click here>>