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)
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