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Lack of fresh polymer hits plastic processors
Rapid increases in polymer prices by petrochemical companies has forced plastic processors to resort to reprocessed plastic (RP) as a raw material, rather than fresh polymer. According to market sources, price of polymer have been rising almost every month since January.
Last week, manufacturers increased prices of polyethylene by Rs 2 a kg and polypropylene by Rs 3 a kg. Market dealers said while
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