NewsSSESSMENTS: Leading Indian Petrochemical Producer Revised Prices For May

Market sources informed SSESSMENTS.COM that the leading Indian petrochemical producer has revised local prices for May. For PVC, the producer decided to cut prices by INR3,500/ton ($47/ton) and withdraw price protection. Likewise, the producer adjusted down PET prices by INR3,000/ton ($40/ton). For PP, prices for May are a rolled over, except for PP Fiber and Filament grade increased by INR1,000/ton ($13/ton). For PE, offers for HDPE Blow Moulding and LLDPE Film dropped by INR3,000/ton ($40/ton) and INR2,000/ton ($26/ton) respectively. While LDPE offers dipped by INR3,000/ton ($40/ton), except for LDPE Extrusion Coating and Lamination maintained stable. All with effect from May 1, 2020.   

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