India Containerized Shredded Scrap import prices stuck around $200/t mark

INDIA December 02 2015 9:48 AM     

MUMBAI (Scrap Register): India  containerized shredded scrap import prices stuck around $200 a ton range during  the week ended November 20, while Indian plastic scrap prices prices on Scrap  Register Price Index remained down.

According to TSI, containerized  shredded index for Indian imports fell by $1 a ton to $200 a ton CFR Nhava Sheva  port.

Offers  into the region remained strong, especially given the large volume of material  purchased by international mills in the last couple of weeks.

However,  participants in the country feel this may only be a short-term peak in scrap  pricing, and will look to continue to re-stock if prices begin to fall  again.

The major plastic scrap commodities showed down trend on Scrap  Register Price Index during the week. The plastic scrap commodities like ABS,  acrylic, HD Blowing, HD Moulding (Colour), PVC pest grade and PVC resin desi  traded down during the week.