As predicted and hinted in "Market Update with Pragat Dvivedi telecasted on 28th June, on Ply Reporter's FB and You Tube channels, the prices in in decorative laminates are witnessing the reduction.
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The leading Indian Decorative Laminates brands have refused to offer any price reduction in the present scenario. The pioneer brands in the laminate segment such as Greenlam, Merino, Century Laminate and AICA Laminate.
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Raw Material cost shot up once again sharply that is forcing the decorative laminate manufacturers to increase prices again with immediate effect.
The weak demand and softening prices of phenol and methanol have compelled Decorative Laminates producers to reduce prices with immediate affect.
Oversupply has forced balancing mica or liner laminates producers to reduce prices by 5 to 7 % per sheets.