Polymer producers raise prices; plastics industry to feel the pinch

Polymer producers have raised their product prices second time in a month after their costs for crude oil, the sole raw material for production, went up. Average price increase is 2.5 per cent to 3 per cent in January after a sharp fall in last four months of 2018.

Primary polymer producers have raised their product prices by Rs 1,000 of various grades in tune with the movement in crude oil prices. Price of plastic raw materials including high-density polyethylene (HDPE), low density polyethylene (LDPE), linear low density polyethylene (LLDPE) and polyvinyl chloride (PVC) have also risen in tandem to