PP buyers in India wait-and-watch for further price cuts

Sep 27: PP sales in the Delhi market continued to remain inactive even after producers reducing their PP prices during the last price revisions. In the context of the prevailing market conditions in respect to the polymer, a trader in the Delhi market told Indianpetrochem," PP sales have not improved despite the producer price reductions in the last price revisions." He also said," Buyers seem to adopt a wait-and-watch mode in the prospect of further price cuts." In the Delhi market today, the Raffia, Injection Moulding and Film grades of PP were sold at around Rs 118 per kg, Rs 119 per kg and Rs 122 per kg respectively. 
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