Producer price reductions might trigger market demand in the coming days

Oct 01: The price reductions today by polymer producers in India were as expected by many market participants during the preceding days. Most of the traders and buyers in the country during the last few days told Indianpetrochem that they expected producers in the country to lower their prices further, in the prospect of which many buyers postponed their raw material purchase schedules. In the major markets in the country today, demand, however, continued to remain lackluster despite the producer price reductions. But, traders in the major markets in the country became optimistic of demand strengthening in the coming days. 
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