INDIA January 15 2016 11:40 AM
MUMBAI (Scrap Register): India containerized shredded scrap import prices edged up during the week ended January 08, while Indian plastic scrap prices on Scrap Register Price Index showed a mixed trend.
According to TSI, containerized shredded index for Indian imports gained $1 a ton from the end of last week to finish at $205 a ton CFR Nhava Sheva port this week.
Talk of a government imposed minimum import price for steel has boosted the domestic steel market and has led to scrap exporters increasing their offers into India. Scrap demand has also picked up as a consequence.
The major plastic scrap commodities showed mixed trend on Scrap Register Price Index during the week. The plastic scrap commodities like ABS(bayr), Acrylic, API, C.P.W and HD Moulding (Colour) showed a negative trend during the week, while HD Blowing, LLDP Blowing, PVC pest grade and PVC resin desi showed an up trend.
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