India Containerized Shredded Scrap import price gain; Plastic Scrap prices show mixed trend
MUMBAI (Scrap Register): The containerized shredded scrap import weekly average prices in India gained to $295 a ton in the ended April 28 this year, while major Indian plastic scrap prices on the Scrap Register Price Index showed a mixed trend.
The Indian market has again seen a slight rise this week, with the shredded Indian imports index gaining $5 a ton on the week to $295 a ton as a number of containerized cargoes were reported at these levels.
Moreover, Bangladesh has also returned to the market, with a bulk cargo of busheling (ex-Japan) heard sold at $325 a ton levels and containerized scrap from Thailand at $330 a ton levels.
Demand in the region is evidently returning and hence prices may see further rises.
According to Scrap Register Price Index, the plastic scrap commodities like Acrylic, C.P.W, HD Blowing, PVC resin desi, HD Moulding (Colour), LLDP Blowing and PVC pest grade traded lower, while ABS(bayr), API and Hips(Baff) showed flat trend.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to firstname.lastname@example.org)