08 February 2013 07:16 [Source: ICIS news]
SINGAPORE (ICIS)--India’s Reliance Industries Ltd (RIL) said its domestic list prices for polypropylene (PP) and polyethylene (PE) were stable for the week ended 8 February because of unchanged market fundamentals, according to a company source.
“We changed our prices two or three times in the past few weeks. The market is now more settled, and we did not change our prices this week,” said the source.
In the previous week, RIL raised its domestic list prices for high density PE (HDPE) and low density PE (LDPE) film grade by Indian rupees (Rs) 1.00/kg ($18.80/tonne) because of strong demand.
During the same week, the Indian major also increased its prices for all PP grades, except biaxially-oriented PP (BOPP), by Rs1.50/kg because of firming demand.
Other major Indian polyolefin producers include Indian Oil and Haldia Petrochemicals.
($1 = Rs53.23)
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