Three Indian firms implement price protection on PP, HDPE, LDPE in effort to improve buying interest amid declining import values, poor downstream demand
LONDON , April 11, 2013 (ICIS Chemical Business) – Indian firms Reliance Industries Ltd, Haldia Petrochemicals and GAIL have implemented a price protection on polypropylene, high density polyethylene and linear low density polyethylene in the Indian market. The action is intended to improve buying interest amid declining import values and poor downstream demand. The price protection began on 19 Mar 2013 and will be in effect until 1 Apr 2013. Original Source: ICIS Chemical Business, http://www.icis.com/, Copyright Reed Business Information Limited 2013.