OUTLOOK ’17: India PE/PP outlook dampened by currency illiquidity

摘要

SINGAPORE (ICIS)--India's polymer market is expected to see weak demand extend into the first quarter of 2017, as purchasing capacity remains curtailed by a lack of currency availability, industry sources said. Polyethylene (PE) as well as polypropylene (PP) prices are likely to remain weighed down by weak demand for imports as well as domestic product, as buyers remain sidelined by the persistent cash crunch.