🅿️🅱️ ➡️ *Jindal Declares force majeure* https://chat.whatsapp.com/BZkcf5UxrR02rPndzQx4qB A devastating fire has ravaged Jindal's Nashik-based plant, a leading facility in India's polymer conversion sector. *The blaze, still uncontrolled, has caused significant damage to the production unit, prompting Jindal Films to declare force majeure* *🔘 Bazaar Impact:* - *Premium Surge:* Open market premiums for BOPP TT, NTT, and BOPET films have skyrocketed by ₹15-20/kg overnight due to fear of prolonged supply shortage. - *Inventory Buildup:* Converters are scrambling to secure materials from alternative sources, driving up demand and allowing stockists and traders to raise premiums. - *Tighter Payment Terms:* Stockists and traders are becoming more rigid with payment terms amid the crisis. - *Alternative Manufacturers:* Other BOPP and BOPET manufacturers are engaging directly with buyers to fulfill the demand spike. 🔘 *Outlook:* - *Further Price Hike:* Without official clarity on Jindal Films' recovery status, premium levels may continue to rise, potentially reaching ₹20-30/kg if panic buying persists. - *Industry Advisory:* Stay informed and cautious in this volatile situation to mitigate risks. 🔘 *Stay Updated:* Join our dedicated BOPP WhatsApp group for real-time updates and insider insights. Www.PolymerBazaar.com +91 93754 24 365