Daily Dose of Deflation 8Dec2008
Mint: RIL petrochem prices slide by up to 60% as demand slows
RIL, has reduced the prices of at least 10 key petrochemical products over the past two months, some by at least 60% . . . cut prices of benzene, di-ethylene glycol (DEG) and other products used in making plastics that go into the manufacture of toys to pipes, cellphones to kitchenware by 34-42% between October and November.
RIL had further cut “the forward booking prices of most of the chemicals by 15-20%”.
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