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India Containerized Shredded Scrap import prices down; Mixed trend in Plastic Scrap prices

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MUMBAI (Scrap Register): The containerized shredded scrap import weekly average prices in India declined to $292 a ton in the week ended June 09 this year, while major Indian plastic scrap prices on the Scrap Register Price Index showed a mixed trend.

According to customs data, there were no bulk scrap imports into India for the month of May. Indian importers have however reportedly booked 8-10 bulk vessels which are expected to be delivered in June and July.

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Elsewhere, trading in the UAE has remained limited due to the ongoing festive season of Ramadan. Bangladesh based mills on the other hand have become active in bulk scrap imports, according to the Steel Index.

Sources have indicated that 4-5 bulk vessels have been booked in the last few days from Europe and Japan. The index for shredded containerized scrap imports into India dropped by $3 a ton to $292 a ton during the week.

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 on the Scrap Register Price Index during the week , while ABS(bayr), API and Hips(Baff) showed a steday trend.

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

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