PE prices in polymer markets in India exhibited a stable trend in the absence of active trading activities. Demand conditions in the country's markets were dull as buyers abstained from building up raw material inventories. Many traders expected demand to strengthen by the second week of this month, when manufacturing activities are expected to gain momentum in the country.
Prevalence of weak demand conditions seem to prompt Indian Oil Corporation to lower its HDPE price by Re 1 a kg; the company, however, kept its LLDPE price unchanged. Reliance Industries Limited did not change its PE prices from that in the last revision.
Traders in the major markets in the country had ample PE stocks with them.
During the week, SABIC, of Saudi Arabia, was heard to offer its HDPE (IM), LDPE (GP) and LLDPE(Film) at $1,510 per metric tonne, $1,570 per metric tonne and $1,500 per metric tonne respectively.
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Prevalence of weak demand conditions seem to prompt Indian Oil Corporation to lower its HDPE price by Re 1 a kg; the company, however, kept its LLDPE price unchanged. Reliance Industries Limited did not change its PE prices from that in the last revision.
Traders in the major markets in the country had ample PE stocks with them.
During the week, SABIC, of Saudi Arabia, was heard to offer its HDPE (IM), LDPE (GP) and LLDPE(Film) at $1,510 per metric tonne, $1,570 per metric tonne and $1,500 per metric tonne respectively.
Continue reading the main story>>
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