INDIA May 18 2016 11:45 AM

MUMBAI (Scrap Register): India containerized shredded scrap import prices advanced by $11 a ton week-on-week during the week ended April 29, while India's major plastic scrap prices on Scrap Register Price Index showed down trend.

According to TSI, containerized shredded index for Indian imports increased $11 a ton to finish the week at $273 a ton CFR Nhava Sheva port.

The increase came as a result of shredders holding back material due to limited availability, despite strong domestic demand. Local material, however, is still lower-priced compared to imports and hence little scrap import activity is currently taking place in India.

The major plastic scrap commodities remained lower on Scrap Register Price Index during the week. The plastic scrap commodities like ABS(bayr), Acrylic, API, C.P.W, HD Blowing, HD Moulding (Colour), LLDP Blowing, PVC pest grade and PVC resin desi traded down during the week.