Indian PE import demand limited ahead of local price announcements

摘要

SINGAPORE (ICIS)-Spot polyethylene (PE) import demand in India was limited as buyers stayed cautious and at sidelines ahead of local price announcements for September.A price protection scheme announced last week remained.Such a scheme,while encouraging present buying,allowed buyers to make avail of lower future prices in the event of any price cut announced for September.A sharp strengthening in the Indian rupee against the US dollar led to expectations of a downward adjustment in local producer September list prices to reflect this.Importers waited for local price announcements to emerge before undertaking September-lifting import discussions.Low density PE (LDPE) general purpose film offers to the country stayed limited owing to higher netbacks in other Asian markets.