KARACHI, Dec 5: The rising trend in prices of raw material for plastic goods in the international market is expected to adversely affect the local market where its price has already surged from Rs4 to Rs5 per pound. Pakistan Consumer Traders Association chairman Muhammad Haroon Agar told APP that importers could not book their orders due to high prices in the international market and feared a shortage as the existing stocks would exhaust in a week or so.
He said the raw material for plastic had risen to $180-$200 per ton and no order had so far been placed by Pakistani importers during this week. This raw material is being sold in the international market at $980 to $1,000 per ton after declining by $200, but the international market again entered into the bullish zone where the price bounced back to $1,150 to $1,200 per ton.
Mr Agar said high density poly proplain was being sold at Rs38.50 per pound, PP tape grade Rs42/pound, poly praplen injection Rs41 and PP film at Rs44/pound, whereas Lenear low density was available for Rs41 per pound in the local market.
