INDIA January 19 2017 10:02 AM

NEW DELHI (Scrap Register): India containerized shredded scrap import weekly average prices stayed stable during the first week of January this year, while India's major plastic scrap prices on the Scrap Register Price Index showed mixed trend.

According to the Steel Index, Indian containerized scrap import prices remained flat at $271 a ton CFR Nhava Sheva port during the early week of January this year. 

There was talk of higher scrap offers from the Middle East which were in the $10-15 a ton range to the spot price, however these could not be confirmed.

The major plastic scrap commodities showed mixed trend on Scrap Register Price Index during the week. The plastic scrap commodities like ABS(bayr), API, PVC pest grade and PVC resin desi traded higher during the week. 

The plastic scrap commodities like Acrylic, C.P.W and HD Moulding (Colour) showed down trend during the week, while HD Blowing, Hips(Baff) and LLDP Blowing remained flat.