Polymer prices in India not likely to moderate significantly in the coming days

Sep 13: Raw material cost pressure on plastic item manufacturers in India seems not to mount further in the coming days as producers are not likely to raise their polymer prices further. Today, Haldia Petrochemicals Limited announced price protection for its PE and PP, upto September 18, 2013. But, there is no likelihood of any remarkable polymer price moderation in the country in the coming days despite the price protection. A trader in the Jaipur market told Indianpetrochem on the possible market conditions in the succeeding days, "Polymer prices are not going to decline significantly in India despite any price protection." He further said," Market demand continues to remain sluggish." 
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