India containerized Shredded Scrap import prices edge up

INDIA November 23 2015 10:16 AM

MUMBAI (Scrap Register): India containerized shredded scrap import prices edged up during the week ended November 13, while Indian plastic scrap prices and plastic resign scrap prices on Scrap Register Price Index showed mixed trend.

According to TSI, containerized shredded index for Indian imports increased by $1 ton to $201 a ton CFR Nhava Sheva port. 

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Traders have taken a step back to see where prices go, with a lot of material secured in the last few weeks at what are now looking like bargain prices. 

Scrap imports rose 10% month-on-month in October, displaying the improving appetite for scrap at Indian mills. This should increase further in November, if the volume of bulk shipments is anything to go by.

The major plastic scrap and plastic resign scrap commodities showed mixed trend on Scrap Register Price Index during the week. The plastic scrap like ABS, acrylic, pet, HD Blowing, LLDP Blowing, PVC pest grade traded up during the week. 

However, ABS(bayr), acrylic (plastic resign), hd moulding(colour), hips(baff) and PVC resin desi showed down trend during the week, while HDPE, LDPE, LLDPE, PP, PVC, API and C.P.W remained flat.

(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)