NEW DELHI (Scrap Register): India containerized shredded scrap import weekly average prices climbed to $264 a ton during the week ended December 09, while India's major plastic scrap prices on the Scrap Register Price Index showed an up trend.

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Indian containerized scrap import prices increased $14 a ton during the week to $264 a ton CFR Nhava Sheva port. Ferrous scrap imports saw an increase of 4% over November.

Trade activity is still minimal in December but offer levels have been increasing, even though sentiment for buying is weak.

The major plastic scrap commodities down on Scrap Register Price Index during the week. The plastic scrap commodities like Acrylic, API, C.P.W, HD Blowing, HD Moulding (Colour), Hips(Baff), LLDP Blowing, PVC pest grade and PVC resin desi showed an up trend during the week.

(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)