23 June 2011 13:52 [Source: ICIS news]
SINGAPORE (ICIS)--India-based Reliance announced that the price protection for its customers on polypropylene (PP) purchases will resume on Thursday for domestic goods in a bid to curb bearish buying sentiment, a source close to the company said.
The existing PP list prices are at Indian rupee (Rs) 82/kg ($1.83/kg) ?xml:namespace>
The Indian major reduced PP prices by up to rupee (Rs) 4/kg on high stock levels and fierce competition from imports.
($1 = Rs44.79)
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