INDIA September 06 2016 11:23 AM
MUMBAI (Scrap Register): India containerized shredded scrap import average prices remained flat during the week ended July 22, while India's major plastic scrap prices on Scrap Register Price Index showed a down trend.
According to TSI, obsolete shredded scrap prices in the Indian containerized market remained flat during the week at $221 a ton CFR Nhava Sheva port.
Imported scrap offers have remained unchanged into the domestic market amid low trade activities.
Market participants mentioned this week that buying interest is extremely low from steel manufacturers, with only small purchases being made by allow steel manufacturers.
The major plastic scrap commodities declined on Scrap Register Price Index during the week. The plastic scrap commodities like Acrylic, API, C.P.W, HD Blowing, HD Moulding (Colour), Hips(Baff), LLDP Blowing, PVC pest grade, PVC resin desi traded lower during the week.
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