India PP makers hike domestic prices by Rs2/kg on tight supply

10 January 2013 10:51  [Source: ICIS news]

SINGAPORE (ICIS)--Polypropylene (PP) producers in India increased the domestic list prices of all PP grades on Thursday amid tight supply and increased local demand.

“Prices increased by [Indian rupee] Rs2/kg ($37/tonne) across the board on tight supply,” an Indian producer said.

With effect from 10 January, the list prices for PP film and BOPP film grades are at Rs101.50-103.50/kg DEL (delivered) India and Rs101.50-103/kg DEL India, respectively.

For the injection grade, the list prices are at Rs100-102.50/kg DEL India, while the raffia grade is now priced at Rs101-102.50/kg DEL India and the block copolymer grade at Rs104.50-106/kg DEL India.

Reliance Industries and Indian Oil are among major producers of PP in India.

The list prices of all polyethylene grades in India were also increased by Rs2/kg on Thursday.

($1 = Rs54.77)

By: Muhamad Fadhil
+65 6780 4356

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