Indian polymer markets are seeing shortage of the Injection Moulding materials of HDPE and PP due to the twin effects of shrinking supply from domestic producers and less import shipments reaching the country's shores. In the meantime, demand for the materials is also in the upswing as consumption from the houseware sector is strong. Market players say that exports of houseware products have increased, resulting in demand for the corresponding raw materials strengthening proportionally.
Traders speculate that prices of the plastic raw materials will go in the coming days, if the situation persists.
HDPE(IM) was sold in the Chennai and Mumbai markets at around Rs 130-131 a kg and Rs 133 a kg respectively, while, PP(IM) was sold in the markets at around Rs 122 a kg and Rs 124 a kg respectively.
(This article was published on the website on August 29, 2014)
Traders speculate that prices of the plastic raw materials will go in the coming days, if the situation persists.
HDPE(IM) was sold in the Chennai and Mumbai markets at around Rs 130-131 a kg and Rs 133 a kg respectively, while, PP(IM) was sold in the markets at around Rs 122 a kg and Rs 124 a kg respectively.
(This article was published on the website on August 29, 2014)
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