12 September 2012 12:19 [Source: ICIS news]
SINGAPORE (ICIS)--Demand for polyethylene (PE) resins in ?xml:namespace>
A prohibition on usage of plastic bags that are not 40 microns thick applies to most of India, prior to New Delhi government’s announcement on Tuesday.
It was not immediately clear whether the directive – to be enforced under environmental laws with punishment of up to five years in prison – would apply to black rubbish bags.
The new ban will curtail demand for PE film and coating grades, which are the raw materials in the production of plastic bags.
“This ban will for sure hit the plastic converting industry here,” a New Delhi-based trader said.
Apart from those based in
“We do sell our finished plastic bags to
“With this new ban, we can’t be sure whether there will be a decent growth this year,” an India PE producer said.
In the fiscal year ending March 2012,
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