17 February 2012 07:07 [Source: ICIS news]
RIL announced to their customers late on Wednesday a price increment of Rs1.00/kg (Rs1,000/tonne) ($20/tonne) for LLDPE film to hit Rs86.50-87.00/kg DEL (delivered) India, inclusive of a 10.3% excise duty, with effect from 16 February, they said.
“Because of the short availability, domestic [LLDPE film] sales are good and prices in the open market are already higher than the HDPE film prices,” a Mumbai-based trader said.
Market will tighten further ahead of two shutdowns at the HDPE/LLDPE swing facility of Indian Oil and Gail India, industry players said.
($1 = Rs49.37)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections