INDIA July 05 2016 5:11 PM
MUMBAI (Scrap Register): India containerized shredded scrap import prices advanced slightly to $232 a ton during the week ended June 10, while India's major plastic scrap prices on Scrap Register Price Index showed mixed trend.
According to TSI, containerized shredded scrap index for Indian imports increased by $2 a ton during the week to $232 a ton CFR Nhava Sheva port.
As trading activity resumed in Turkey and on the US East Coast, Indian traders were optimistic that the market will begin seeing more activity.
A few more containerized cargoes were booked this week and hence it is clear that activity has already begun to pick up.
The major plastic scrap commodities showed mixed trend on Scrap Register Price Index during the week. The plastic scrap commodities like ABS(bayr), Acrylic, API and LLDP Blowing traded down during the week, while PVC pest grade, PVC resin desi and HD Moulding (Colour) traded up.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)