INDIA February 16 2016 10:11 AM
MUMBAI (Scrap Register): India containerized shredded scrap import prices inched up during the week ended February 12, while India's major plastic scrap prices on Scrap Register Price Index showed a mixed trend.
According to TSI, containerized shredded prices for Indian imports advanced slightly by $1 a ton from last week to finish at $202 a ton CFR Nhava Sheva port.
Sentiment has been boosted in the domestic market by the introduction of the minimum import price for finished steel, with prices for both steel and scrap expected to increase in line with this.
More movement is expected next week once this latest move by the government has been digested.
The major plastic scrap commodities showed a mixed trend on Scrap Register Price Index during the week. The plastic scrap commodities like, ABS(bayr), API, HD Moulding (Colour),Hips(Baff) and LLDP Blowing traded down during the week.
Acrylic and HD Blowing traded up, while PVC pest grade, PVC resin desi and PVC resin desi remained flat during the week.
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn