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Mumbai market sees a cut in PS (GPPS) prices | |
Today reflected a hike in PS (GPPS) prices within the Mumbai petrochemicals market, indicating a shift in market trends. On May 12, 2025, this commodity’s price fell from Rs.117/kg to Rs.116/kg, marking a Re.1/kg decrease. India's polystyrene (PS) market is supported by key domestic producers catering to various industries, including packaging, electronics, and construction. Supreme Petrochem Ltd. (SPL), a leading manufacturer, produces General Purpose Polystyrene (GPPS) and High Impact Polystyrene (HIPS) from its Maharashtra facility. LG Polymers India Pvt. Ltd., based in Andhra Pradesh, manufactures GPPS, HIPS, and ABS, serving applications in electrical appliances, toys, and packaging materials. Toyo Engineering Corporation collaborates with multiple petrochemical companies in India for GPPS production. Bhansali Engineering Polymers Ltd. (BEPL), operating plants in Maharashtra and Madhya Pradesh, specializes in ABS and GPPS for automotive, electronics, and consumer goods. The CAGR for global PS production has been modest, around 2-3%, largely driven by growth in emerging markets. Asia-Pacific, particularly China and India, has shown a higher CAGR (~3-5%) due to industrial growth and urbanization, PS Prices in India, Indian Prices PS, Indian PS Prices, Indianpetrochem. #PSpricesiIndia #IndianpricesPS #IndianPSprices #Indianpetrochem | |
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| Target State: All States Target City : Delhi, Ahamdabad and Mumbai Last Update : 12 May 2025 4:55 PM Number of Views: 28 | Item Owner : indianpetrochem Contact Email: Contact Phone: (None) |
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2025-05-13 (0.574 sec)