Saturday, June 30, 2012

Business Standard: No respite for state plastic makers despite fall in crude

No respite for state plastic makers despite fall in crude
Fall in international crude prices has failed to offer any respite to the plastic processors in the state. The industry says that while crude is down by almost 25 per cent from the peak period, in comparison, polymer prices have slipped by only 4-5 per cent. This, coupled with foreign exchange losses as well as plummeting demand, has, in turn, started affecting the profitability of the plastic players, forcing a few hundred small and tiny processors to shut shop.
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