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Indian producer cuts local PP, PE prices

by ChemOrbis Editorial Team -
  • 11/06/2015 (11:14)
A source close to a major Indian producer reported that the producer reduced their local prices for PP and PE. The producer cut their prices by INR4000/ton ($63/ton) for PP and by INR3000/ton ($47/ton) for PE effective as of June 11, 2015.

According to the source, the producer rolled over their PP and PE prices to the Southeast Asian market.

A distributor based in India commented, “A local producer reduced their prices after implementing rollovers for two weeks in a row. Buyers are reluctant to replenish nowadays as they want to wait in order to have a clearer outlook. We expect demand to improve after September.”
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