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Interactive Interactive

RE: Price Cuts

Indu Bhusan Nath:
Domestic Producers have lowered PE,PP,PVC prices. But, some players expect further price cuts. Will it materialize?

PE/PP PRICES ARE EXPECTED TO STABILIZE AROUND 1280-1340 US$/MT IN INDIAN SUBCONTINENT FROM CURRENT (NOV 2014) LEVELS OF 1380-1395 US$/MT. FURTHER DIP WILL BE POSSIBLE ONLY IF CRUDE GOES BELOW 70 US$/BARREL OR IF MAJOR CHANGES HAPPEN IN TAXATION POLICY OF GOVT.

Global Refining & Petrochemicals Congress