INDIA November 10 2016 10:23 AM
NEW DELHI (Scrap Register): India containerized shredded scrap import average prices remained steady during the week ended September 30, while India's major plastic scrap prices on Scrap Register Price Index showed a down trend.
According to the Steel Index, obsolete shredded scrap prices in the Indian containerized market held steady at $241 a ton CFR Nhava Sheva port during the week.
Bulk scrap importers have returned to the Indian market after a four month absence with three bulk scrap vessels booked this week for November delivery, according to market sources.
The uptick in trading activity has come on the back of a rise in domestic steel prices, as well as manufacturers showing preference to melting scrap rather than pig iron.
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 and PVC resin desi traded down during the week.