13 September 2012 09:58 [Source: ICIS news]
SINGAPORE (ICIS)--Indian major, Reliance Industries Ltd (RIL) has raised the list prices of some of its low density polyethylene (LDPE) product grades by Indian rupee (Rs) 1.00/kg (Rs1,000/tonne/$18/tonne), because of supply shortage, industry sources said on Thursday.
Its general purpose and heavy duty LDPE films are now priced Rs97.00-97.50/kg ?xml:namespace>
LDPE supply is short in
In certain applications, the attractively priced LDPE film is used in place of metallocene linear low density PE (LLDPE) film, creating an opportunistic demand for LDPE film, they added.
Also, higher import offers quoted by
“LDPE film used to command a price premium over LLDPE film, but over the past five months, prices of LDPE film are much lower,” a New Delhi-based trader said.
LDPE prices must increase given the product’s higher production cost compared with LLDPE films, the trader said.
On 13 September, prices of LLDPE film imports were discussed at $1,370-1,400/tonne CFR Mumbai, while C6 MLLDPE were at $1,500-1,540/tonne CFR Mumbai, market players said.
($1 = €0.78 / $1 = Rs55.22)
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