Indian major implemented further price hike on domestic market

According to market players, a major Indian maker has adjusted their price up today, where homo-PP offers increased INR1500/t ($22/t), PPBC increased INR2000/t ($30/t), PPRC increased INR3000/t ($45/t), PE increased INR1000/t ($15/t) and PVC offers remained stable compared to the previous offers by end of last month.

Players attributed this price hike to improved domestic demand as well as tight supply from global suppliers.

Please refer to the Daily Price section on www.commoplast.com for detailed import and local prices to/in China and Southeast Asia market.