INDIA May 25 2017 10:16 AM
MUMBAI (Scrap Register): The containerized shredded scrap import weekly average prices in India fell during the week ended April 21 this year, while major Indian plastic scrap prices on the Scrap Register Price Index showed a mixed trend.
The Indian market slipped lower during the week, with the shredded Indian imports index losing $5 a ton on the week to $290 a ton.
Lower offer levels were heard in the market, which is reflective of falling prices across the global scrap market.
Demand in India remains tempered by increasing domestic scrap supply, providing challenging conditions for importers.
According to Scrap Register Price Index, the plastic scrap commodities like Acrylic, C.P.W, HD Blowing, PVC resin desi, HD Moulding (Colour), LLDP Blowing and PVC pest grade traded lower, while ABS(bayr), API and Hips(Baff) showed flat trend.