INDIA February 23 2016 5:20 PM     

MUMBAI (Scrap Register): India  containerized shredded scrap import prices stayed flat during the week ended  February 19, while India's major plastic scrap prices on Scrap Register Price  Index climbed.

According to TSI, containerized shredded index for Indian  imports remained flat to finish at $202 a ton CFR Nhava Sheva port.  

There was a sense of caution in the market  as steel prices fell towards the end of last week, following the significant  gain caused by the minimum import price (for steel) imposed. Scrap material was  bought at stable-to-lower levels from last week.

The major plastic scrap  commodities showed an up trend on Scrap Register Price Index during the week.  The plastic scrap commodities like HD Blowing, HD Moulding (Colour), Hips(Baff),  LLDP Blowing , PVC pest grade and PVC resin desi traded up during the  week.