India containerized Shredded Scrap import prices remain flat; India Plastic scrap prices rise

INDIA April 12 2016 5:28 PM

MUMBAI (Scrap Register): India containerized shredded scrap import prices remained flat week on week during the week ended March 25, while India's major plastic scrap prices on Scrap Register Price Index showed an up trend.

According to TSI, containerized shredded index for Indian imports remained flat to finish the week at $223 a t onCFR Nhava Sheva port.

Demand for scrap remained strong, although, with the bulk of cargoes booked a few weeks ago from the US now arriving on Indian shores, some traders feel this could now dampen containerized demand in the short term.

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.