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India Containerized Shredded Scrap import prices up; Plastic Scrap prices down

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MUMBAI (Scrap Register): India’s containerized shredded scrap import weekly average prices has climbed during the week ended August 04, while major Indian plastic scrap prices on the Scrap Register Price Index showed a down trend.

Indian containerized prices for shredded material increased slightly during the week on the back of a reported deal around $317 a ton.

Imports have however been limited compared to Pakistan, where scrap imports increased fivefold for the month of July on the back if rising steel production domestically.

The plastic scrap commodities like ABS (bayr), Acrylic, C.P.W HD Blowing, Hips (Baff), HD Moulding (Colour), LLDP Blowing, PVC pest grade and PVC resin desi showed a down trend on the Scrap Register Price Index 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)

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