India containerized Shredded Scrap import prices gain to $210 a ton; India Plastic scrap prices up

INDIA March 21 2016 10:17 AM    

MUMBAI (Scrap Register): India  containerized shredded scrap import prices gained during the week ended March  11, while India's major plastic scrap prices on Scrap Register Price Index  showed an uptrend.

According to TSI, containerized shredded index for  Indian imports rose $6 a ton to finish the week at $210 a ton CFR Nhava Sheva  port.

Offers from international suppliers have  risen in tandem with the Turkish and Asian markets, with Indian suppliers now  forced to pay more to secure material.

With less Chinese production now  allocated to export, Indian mills have more confidence in securing orders and  are therefore able to buy into a rise in the scrap price.

The major  plastic scrap commodities remained higher on Scrap Register Price Index during  the week. The plastic scrap commodities like ABS(bayr), API, HD Blowing,  Hips(Baff), LLDP Blowing, PVC pest grade and PVC resin desi traded up during the  week.