HDPE purchases to remain sluggish in Indian markets on high price

Sep 04: HDPE purchases in the Delhi market are likely to remain lackluster in the coming days as many HDPE item manufacturers in the region were learnt to curtail their production volumes due to weakening of demand for their finished products, which became costlier due to prevalence of high HDPE price. Polymer traders in the Delhi market today experienced very less sales due to steep hike in polymer prices. Describing the prevailing market situation, a trader in the Delhi polymer market told Indianpetrochem," Sales became very less after the recent  price hikes by Indian producers. Buyers are keeping away from polymer purchases due to the steep price hikes." 
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