Polymer buying gains mild momentum in some markets amid high prices

Sep 05:  Polymer purchases have gained mild momentum in some markets in India, amid high polymer prices, as plastic item manufacturers in the country were left with no other option but to procure raw materials to keep their manufacturing units running. A market survey conducted today by Indianpetrochem revealed that polymer purchases gained momentum moderately in the Delhi and Mumbai markets. Traders in the markets told Indianpetrochem that buyers bought polymers to cater to their immediate needs, and abstained from buying in excess of their immediate requirements. In the context of the prevailing market conditions, a trader in the Mumbai market told the website,"Polymer purchases have improved moderately and buyers have been purchasing on need basis." He further said," Due to the high polymer prices, most buyers bought polymers on credit and not against cash payment." 
For more details click here>>