Thursday, November 16, 2017
Costlier raw material hikes up plastics prices
Plastic manufacturers and processors have hiked prices of their products following an increase in the cost of a key raw material. Prices of high-density polyethylene (HDPE), used in plastics and polymer manufacturing and processing, firmed up in India, triggered by bullish upstream crude and naphtha prices.
According to industry sources, HDPE prices have risen five-six per cent to Rs 84-85 a kg, which in turn led plastic manufacturers to hike prices of their products.
“We have raised prices for our products to a similar extent to compensate for the raw material’s price hike,” said Vishnu Patel of the Gujarat State Plastic Manufacturers’ Association.
http://www.business-standard.com/article/markets/costlier-raw-material-hikes-up-plastics-prices-117111700036_1.html
Perlen Papier to raise newsprint and LWC prices
Perlen Papier has announced a €50/t increase for newsprint and €30/t increase for LWC prices, valid for all deliveries from January 1st, 2018.
“Despite full order books due to a strong market balance the financial results remain unsustainable. This price increase is necessary in order to maintain high quality products and services to our customers,” says Klemens Gottstein, CEO of Perlen Papier.
https://www.euwid-paper.com/news/singlenews/Artikel/perlen-papier-to-raise-newsprint-and-lwc-prices.html
“Despite full order books due to a strong market balance the financial results remain unsustainable. This price increase is necessary in order to maintain high quality products and services to our customers,” says Klemens Gottstein, CEO of Perlen Papier.
https://www.euwid-paper.com/news/singlenews/Artikel/perlen-papier-to-raise-newsprint-and-lwc-prices.html
China iron ore, steel prices rise ahead of output curbs
BEIJING, Nov 14 (Reuters) - China’s iron ore futures edged up on Tuesday along with prices for steel rebar, buoyed as some steel mills ramped up production a day before winter output cuts take full effect.
Industrial plants in northern China have been ordered to curb output by up to 50 percent during the heating season that kicks off on Wednesday, as the government wages its war on pollution.
But analysts expect demand to fade again as the production cuts begin in earnest.
“Considering the scheduled output restraint policy will be fully enforced soon, steel mills will continue to curb production, adding pressure on raw material demand,” Orient Futures said in a note.
https://in.reuters.com/article/asia-ironore/update-1-china-iron-ore-steel-prices-rise-ahead-of-output-curbs-idINL3N1NK319
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