Owing to poor over the counter sales in the Western part of India, stability in structure prices was shaken to an extent of Rs 200/MT. “Demand is poor and raw material is costly. Moonsoon is also still a little away for us; we are not much bullish on the market scenario. Prices can go down further, explained a trader based in Mumbai.
Prices in Raipur remained stable. “Some demand was coming in from South Indian markets like Hyderabad in the past which has also stopped owing to market instability. Production levels remain higher than the present demand.”
Leave a Reply