Raw material costs further increase on plastic item manufacturers on significant producer price hikes

Sep 02: Raw material cost pressure on plastic item manufacturers in India increased further with the polymer producers in the country hiking their product prices considerably with effect from today. The country's largest polymer producer, Reliance Industries Limited (RIL), hiked its prices for PE, PP, PVC and EVA significantly, which will result in  the open market prices going up remarkably in the coming days. In the price revision, RIL hiked prices for its: HDPE grades by Rs 7-9 per kg; LDPE grades by Rs 9-12 a kg; and LLDPE grades by Rs 6-9 a kg. Moreover, prices of the company's PP grades, PVC and EVA were hiked by Rs 9 a kg, Rs 7 a kg and Rs 15 a kg respectively. The remarkable price hikes will eventually result in plastic items becoming more costly in the days to come.
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