Polymer prices rise by 13% despite plastic ban, hit domestic demand

Prices of plastic raw materials are linked with crude oil price variations in the global markets

Despite plastic ban, prices of its key raw materials have surged by a staggering upto 13 per cent over the last two months due to rising crude oil prices and robust consumption from export centric plastic manufacturers.

Data compiled by plastemart.com showed, prices of the benchmark B56003 grade high density polyethylene (HDPE) jumped by 13 per cent to Rs Rs 106,668 a tonne for delivery in Kolkata compared to Rs 94730 a tonne effective June 1. Trade sources said that the major polymer producers have raised their product prices further by Rs 1000-1500 a tonne effective July 1.

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