India Containerized Shredded Scrap import prices jump to $236 a ton; Plastic Scrap prices stay stable

INDIA November 01 2016 1:07 PM

NEW DELHI (Scrap Register): India containerized shredded scrap import average prices jumped during the week ended September 09, while India's major plastic scrap prices on Scrap Register Price Index stayed stable.
Obsolete shredded scrap prices in the Indian containerized market increased $8 a ton during the week to $236 a ton CFR Nhava Sheva port. 
Imported scrap demand has increased this week as a result of rising steel and sponge iron prices in the domestic market. 
Ferrous scrap imports into India for August dropped 3% over the previous month, which was the fifth consecutive month of a decrease in scrap imports.
The major plastic scrap commodities down 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 showed a flat trend.