India Containerized Shredded Scrap import prices remain steady

INDIA September 21 2016 12:19 PM

NEW DELHI (Scrap Register): India containerized shredded scrap import average prices remained steady during the week ended August 12, while India's major plastic scrap prices on Scrap Register Price Index showed an uptrend.

Obsolete shredded scrap prices in the Indian containerized market remained flat this week at $222 a ton CFR Nhava Sheva port.

Scrap offers have been firm in the market, even when billet prices have dropped near 10%. The market continues to be quiet however, as indicated by imports of ferrous scrap for July dropping 36% month-on-month.

The major plastic scrap commodities advanced 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 higher during the week.