06 July 2006 11:35 [Source: ICIS news]
SINGAPORE (ICIS news)--Indian domestic producers have raised July polyethylene (PE) and polypropylene (PP) offers by up to 2.5% from June due to strong buying sentiment and tight supply, sources close to the companies said on Thursday.
Customers have not offered any resistance to the price increases, resulting in deals at the offer levels, traders said.
Domestic ex-factory prices of all PE grades were raised by Rs1.50/kg. High-density PE (hdPE) film and blow moulding grades rose to Rs60.90/kg and Rs61.30/kg respectively. Low-density PE (ldPE) rose to Rs64.20/kg and linear low-density PE (lldPE) to Rs60.80-61.50/kg.
Ex-factory prices of raffia and film-grade PP rose by Rs1/kg to Rs62.10/kg and Rs62.70/kg respectively.
Offers for imported material were also rising. A European supplier raised PP offers by $20/tonne, with the raffia grade going up to $1,280/tonne CFR India and the film grade rising to $1,300/tonne. A ?xml:namespace>
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