High prices keep buying momentum weak in Indian polymer markets

Sep 09: Buying momentum in the major polymer markets in India has remained inactive although replenishment of raw material inventories by plastic item manufacturers, at the current prices, seems to be a prudent option in view of a possibility of further price hikes. Traders in the major markets of the country told Indianpetrochem that they did not see any improvement in buying activities even after the customs exchange rate for imports was hiked to Rs 67 per USD recently. 
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