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Distributor: Indian producer lowers domestic PE, PP prices

by ChemOrbis Editorial Team -
  • 04/12/2014 (10:17)
According to a distributor, an Indian producer has announced decreases on its PP and PE prices to the local market effective as of December 4, 2014. The producer lowered their prices by INR3000/ton ($49/ton) for HDPE, LDPE general purpose and most grades of homo-PP while they reduced their prices by INR4000/ton ($65/ton) for LLDPE, homo-PP film and most grades of LDPE.

The producer also reportedly implemented price protection on their PP, HDPE and LLDPE prices, which will be valid until January 1, 2015 or their next price adjustment, whichever comes first. Under the terms of the price protection scheme, the producer will give retroactive discounts to buyers if prices move lower between the time they place orders and the time their goods are delivered.
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