SIAM

Commodity Prices
SIAM Monthly Monitor

SIAM

MAY 2018
Commodity Prices: Monthly Monitor SIAM

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Commodity Prices: Monthly Monitor SIAM

Disclaimer:

“SIAM Monthly Monitor-Commodity Prices” is an initiative of SIAM Sourcing Group which

provides information on price trends of various commodities which may influence the
automobile industry. The group of commodities include: Iron & Steel, Non-Ferrous
Metals, Polymers and Rubber. It also contains information on international prices of
crude petroleum, banking & lending rates, foreign exchange rates and policy related
developments.

The data sources are selected based on the advice of the industry experts, Sourcing
Heads of OEMs.

This endeavor is aimed at providing compilation of the price movement of the key
commodities for strategic decision making and not meant for influencing commercial
transactions. These are indicative prices only and are sourced from industry participants
(like some manufacturers and others) and it may vary from company to company.

The information and data have been compiled with care and accuracy. Neither SIAM nor
any of its employees is liable for errors or any consequences arising from use of this
document.

Please note that the prices from July 2017 onwards are basic price excluding GST.

Society of Indian Automobile Manufacturers (SIAM)

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Commodity Prices: Monthly Monitor SIAM

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Commodity Prices: Monthly Monitor SIAM

Content

A. Iron & Steel …. 6

B. Non-Ferrous Metals …. 15
C. Polymers …. 24
D. Rubber …. 28
E. Crude Petroleum ..... 34
F. Other Rates …. 36

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Commodity Prices: Monthly Monitor SIAM

A. Iron & Steel

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Commodity Prices: Monthly Monitor SIAM

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Commodity Prices: Monthly Monitor SIAM
HR Steel (DD)
Rs/tonne Movement of HR Steel Prices 2017-18 2018-19
48000

46000

44000

42000

40000

38000

36000

34000

32000

30000
April May June July August September October November December January February March

Commodity HR Steel
Month-Year Rs/tonne
May-17 40000-41000
June-17 40000-41000
July-17 36556-37444
Data Source: CRISIL

Aug-17 38056-38944
Sept-17 39056-39944
Oct-17 37556-38444
Nov-17 37556-38444
Dec-17 39056-39944
Jan-18 41856-42744
Feb-18 43356-44244
Mar-18 43356-44244
April-18 44256-45144
May-18 44756-45644

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Commodity Prices: Monthly Monitor SIAM
CR Steel (D)
Movement of CR Steel (D) Prices 2017-18 2018-19
60000
55000
50000
45000
40000
Rs/ tonne

35000
30000
25000
20000
15000
10000 April May June July August September October November December January February March

Commodity CR Steel (D)

Month- Year Rs/tonne
May-17 44750-45750
June-17 44750-45750
July-17 40778-41667
Data Source: CRISIL

Aug-17 42278-43167
Sept-17 43278-44167
Oct-17 42078-42967
Nov-17 42078-42967
Dec-17 43078-43967
Jan-18 45878-46767
Feb-18 47378-48267
Mar-18 47378-48267
April-18 48278-49167
May-18 49278-50167

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Commodity Prices: Monthly Monitor SIAM
Alloy Steel (Forging) (20MnCr5)
Movement of Alloy Steel (Forging) - 20Mn Cr5 Prices 2017-18 2018-19
64400

63200

62000

60800

59600

58400

57200

56000

54800

53600

52400

51200

50000
April May June July August September October November December January February March

Alloy Steel (Forging)

Commodity (20MnCr 5)
Month-Year Rs/tonne
May-17 62000
June-17 62000
July-17 56916
Aug-17 55222
Industry Source

Sept-17 55222
Oct-17 55437
Nov-17 56300
Dec-17 58860
Jan-18 59400
Feb-18 62400
Mar-18 63400
April-18 63400
May-18 63750

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Commodity Prices: Monthly Monitor SIAM
Alloy Steel (Forging) (EN 8)
Movement of Alloy Steel (Forging)-EN 8 prices 2017-18 2018-19
65000

63000

61000

59000

57000
Rs/ tonne

55000

53000

51000

49000

47000

45000
April May June July August September October November December January February March

Commodity Alloy Steel (Forging) (EN 8)

Month-Year Rs/tonne
May-17 61000
June-17 61000
July-17 55916
Aug-17
Industry Source

54222
Sept-17 54222
Oct-17 54437
Nov-17 55300
Dec-17 57860
Jan-18 58400
Feb-18 61400
Mar-18 62400
April-18 62400
May-18 62750

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Commodity Prices: Monthly Monitor SIAM
Pig Iron (Gray Iron)
2017-18 2018-19
45000

40000

35000

30000
Rs/ tonne

25000

20000

15000

10000 April May June July August September October November December January February March

Pig Iron (for Castings –

Commodity Gray Iron)
Month-Year Rs/tonne
May-17 33300
June-17 29750
July-17 27262.60
Aug-17 30250
Sept-17 31250
Oct-17 31380
Source: Industry Source

Nov-17 31150
Dec-17 30000
Jan-18 32000
Feb-18 33650
Mar-18 34450
April-18 34700
May-18 35625

(Punjab {Grade B}- Basic rate, excluding GST & Freight)

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Commodity Prices: Monthly Monitor SIAM
Stainless Steel (G 304 CR Coil)
Movement of Stainless Steel-G 304 CR Coil Prices 2017-18 2018-19

185000

165000
Rs/ tonne

145000

125000

105000
April May June July August September October November December January February March

Stainless Steel
Commodity (G 304 CR Coil 2 mm)
Month-Year Rs/tonne
May-17 149950-159950
June-17 139950-149950
July-17 136450-146450
Data Source: CRISIL

Aug-17 139950-149950
Sept-17 149950-159950
Oct-17 144950-154950
Nov-17 134950-144950
Dec-17 132950-142950
Jan-18 136750-146750
Feb-18 140750-150750
Mar-18 151750-161750
April-18 147750-157750
May-18 151250-161250

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Commodity Prices: Monthly Monitor SIAM
Stainless Steel (G 304 HR Coil)
Movement of Stainless Steel (G 304 HR Coil) Prices 2017-18 2018-19
250000

230000

210000

190000
Rs/ tonne

170000

150000

130000

110000

90000
April May June July August September October November December January February March

Stainless Steel
Commodity (G 304 HR Coil)
Month-Year Rs/tonne
May-17 139700-149100
June-17 129700-139100
July-17 126200-135600
Data Source: CRISIL

Aug-17 129700-139100
Sept-17 139700-149100
Oct-17 137400-144100
Nov-17 124700-134100
Dec-17 122700-132100
Jan-18 126500-135900
Feb-18 130500-139900
Mar-18 140500-149900
April-18 136500-145900
May-18 140000-149400

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Commodity Prices: Monthly Monitor SIAM
Steel Scrap (Rolling Mill End Scrap Price)
Movement of RM Mill End Scrap Prices 2017-18 2018-19
45000

40000

35000

30000
Rs/ tonne

25000

20000

15000

10000

5000
April May June July August September October November December January February March

Steel Scrap
Commodity (RM Scrap)
Month-Year Rs/tonne
May-17 30200
June-17 28300
Source: Industry Source

July-17 25912.60
Aug-17 27375
Sept-17 29225
Oct-17 29060
Nov-17 29400
Dec-17 30950
Jan-18 31520
Feb-18 33475
Mar-18 34500
April-18 34800
May-18 36750

MG - Punjab -Basic rate

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Commodity Prices: Monthly Monitor SIAM

B. Non Ferrous Metals

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Commodity Prices: Monthly Monitor SIAM
Virgin Aluminium
Movement of Virgin Aluminium Prices 2017-18 2018-19
2500
2400
2300
2200
2100
2000
US $ tonne

1900
1800
1700
1600
1500
1400
1300
1200 April May June July August September October November December January February March

Commodity Virgin Aluminium

Month-Year US $/tonne
May-17 1916.19
June-17 1891.50
July-17 1920.69
Data Source: LME

Aug-17 2034.43
Sept-17 2124.83
Oct-17 2147.64
Nov-17 2116.18
Dec-17 2086.42
Jan-18 2220.89
Feb-18 2172.93
Mar-18 2093.90
April-18 2244.60
May-18 2287.79

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Commodity Prices: Monthly Monitor SIAM
Copper
Movement of Copper Prices 2017-18 2018-19
12000

10000

8000
US $tonne

6000

4000

2000

0
April May June July August September October November December January February March

Commodity Copper
Month-Year US $/tonne
May-17 5612.79
June-17 5723.70
July-17 6007.07
Aug-17 6506.50
Data Source: LME

Sept-17 6621.48
Oct-17 6831.91
Nov-17 6856.09
Dec-17 6837.13
Jan-18 7121.48
Feb-18 7043.05
Mar-18 6832.07
April-18 6876.65
May-18 6850.67

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Commodity Prices: Monthly Monitor SIAM
Lead
Movement of Lead Prices 2017-18 2018-19
3100

2600

2100
US $ tonne

1600

1100

600 April May June July August September October November December January February March

Commodity Lead
Month-Year US $/tonne
May-17 2136.83
June-17 2150.43
July-17 2289.33
Aug-17 2378.68
Data Source: LME

Sept-17 2392.83
Oct-17 2512.27
Nov-17 2471.61
Dec-17 2506.11
Jan-18 2585.68
Feb-18 2574.50
Mar-18 2395.02
April-18 2356.68
May-18 2370.95

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Commodity Prices: Monthly Monitor SIAM
Nickel
Movement of Nickel Prices 2017-18 2018-19
15000

14000

13000

12000

11000

10000

9000

8000

7000

6000

5000
April May June July August September October November December January February March

Commodity Nickel
Month-Year US $/tonne
May-17 9186.43
June-17 8975.91
July-17 9521.90
Aug-17 10895.91
Data Source: LME

Sept-17 11299.76
Oct-17 11372.73
Nov-17 12041.82
Dec-17 11455.00
Jan-18 12907.27
Feb-18 13602.50
Mar-18 13431.67
April-18 13956.25
May-18 14395.00

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Commodity Prices: Monthly Monitor SIAM
Zinc
Movement of Zinc Prices 2017-18 2018-19
4000

3500

3000
US $ / tonne

2500

2000

1500

1000 April May June July August September October November December January February March

Commodity Zinc
Month-Year US $ / tonne
May-17 2597.05
June-17 2582.14
July-17 2788.62
Aug-17
Data Source: LME

2990.86
Sept-17 3102.52
Oct-17 3209.64
Nov-17 3196.48
Dec-17 3187.47
Jan-18 3411.77
Feb-18 3498.00
Mar-18 3274.33
April-18 3195.13
May-18 3067.14

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Commodity Prices: Monthly Monitor SIAM
Platinum
Movement of Platinum Prices 2017-18 2018-19
5000

4500

4000

3500
Rs/ gm

3000

2500

2000

1500

1000
April May June July August September October November December January February March

Commodity Platinum
Month-Year Rs/ gm
May-17 1934.70
June-17 1942.43
July-17 1910.27
Data Source: Industry Source

Aug-17 1895.87
Sept-17 2017.96
Oct-17 1938.43
Nov-17 1956.38
Dec-17 1885.64
Jan-18 2028.29
Feb-18 2061.59
Mar-18 2008.15
April-18 1962.00
May-18 1972.75

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Commodity Prices: Monthly Monitor SIAM
Palladium
Movement of Palladium Prices 2017-18 2018-19
2450
2300
2150
2000
1850
Rs/ gm

1700
1550
1400
1250
1100

Commodity Palladium
Month-Year Rs/ gm
April-17 1668.70
May-17 1653.59
June-17 1798.52
July-17
Data Source: Industry Source

1787.11
Aug-17 1773.64
Sept-17 1954.52
Oct-17 2011.00
Nov-17 2097.70
Dec-17 2128.27
Jan-18 2256.89
Feb-18 2125.65
Mar-18 2074.25
April-18 2062.35
May-18 2177.95

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Commodity Prices: Monthly Monitor SIAM
Rhodium
Movement of Rhodium Prices 2017-18 2018-19
5000

4700

4400

4100

3800

3500
Rs/ gm

3200

2900

2600

2300

2000

1700
April May June July August September October November December January February March

Commodity Rhodium
Month-Year Rs/ gm
May-17 1980.56
June-17 2033.88
July-17 2123.62
Data Source: Industry Source

Aug-17 2107.61
Sept-17 2401.34
Oct-17 2907.51
Nov-17 3010.54
Dec-17 3281.32
Jan-18 3491.17
Feb-18 3825.26
Mar-18 4023.17
April-18 4375.60
May-18 4880.31

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Commodity Prices: Monthly Monitor SIAM

C. Polymers

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Commodity Prices: Monthly Monitor SIAM
Poly Propylene
Movement of Poly Propylene Prices 2017-18 2018-19

115

105

95
Rs/ kg

85

75

65

55
April May June July August September October November December January February March

Commodity Poly Propylene

Month-Year Rs/ kg
May-17 85.66
June-17 88.60
July-17 87.58
Aug-17 85.48
Data Source: Industry Source

Sept-17 87.91
Oct-17 89.58
Nov-17 88.40
Dec-17 87.90
Jan-18 88.40
Feb-18 92.90
Mar-18 94.30
April-18 93.70
May-18 96.70

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Commodity Prices: Monthly Monitor SIAM
ABS
Movement of ABS Prices 2017-18 2018-19
300

250

200
Rs/ kg

150

100

50
April May June July August September October November December January February March

Commodity ABS
Month-Year Rs/ kg
May-17 138.90
June-17 132.00
July-17 125.90
Data Source: Derived from CMIE

Aug-17 127.60
Sept-17 136.40
Oct-17 136.60
Nov-17 133.90
Dec-17 138.50
Jan-18 139.00
Feb-18 142.10
Mar-18 144.10
April-18 143.60
May-18 148.50

Prices from March’17 onwards are revised

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Commodity Prices: Monthly Monitor SIAM
Poly Carbonate
Movement of Poly Carbonate Prices 2017-18 2018-19
500
470
440
410
380
350
320
290
Rs/ kg

260
230
200
170
140
110
80
50
April May June July August September October November December January February March

Commodity Poly Carbonate

Month-Year Rs/ kg
May-17 218.33
June-17 218.33
Data Source: Industry Source

July-17 218.33
Aug-17 218.33
Sept-17 181.50
Oct-17 181.50
Nov-17 202.50
Dec-17 221.30
Jan-18 263.40
Feb-18 287.50
Mar-18 283.00
April-18 277.40
May-18 277.20

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Commodity Prices: Monthly Monitor SIAM

D. Rubber

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Commodity Prices: Monthly Monitor SIAM
Natural Rubber (RSS 4)
Movement of Natural Rubber (RSS 4) Prices 2017-18 2018-19
300

250

200
Rs/ kg

150

100

50

0
April May June July August September October November December January February March

Commodity Natural Rubber (RSS 4)

Month-Year Rs/kg
May-17 130.70
June-17 122.40
July-17 133.00
Data Source: Rubber Board

Aug-17 130.60
Sept-17 134.20
Oct-17 130.60
Nov-17 125.90
Dec-17 130.80
Jan-18 127.80
Feb-18 124.12
Mar-18 124.38
April-18 120.12
May-18 124.19

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Commodity Prices: Monthly Monitor SIAM
Synthetic Rubber
Movement of Synthetic Rubber Prices 2017-18 2018-19
165
150
135
120
105
90
Rs/ kg

75
60
45
30
15
0 April May June July August September October November December January February March

Synthetic Rubber-
Commodity SBR (1502)
Month-Year Rs/kg
May-17 125.57
June-17 107.78
Data Source: Industry Sources

July-17 106.51
Aug-17 110.83
Sept-17 129.41
Oct-17 126.85
Nov-17 117.56
Dec-17 118.89
Jan-18 120.29
Feb-18 127.86
Mar-18 125.64
April-18 122.40
May-18 138.29

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Commodity Prices: Monthly Monitor SIAM
EPDM
Movement of EPDM Prices 2017-18 2018-19
400
360
320
280
240
Rs/ kg

200
160
120
80
40
0 April May June July August September October November December January February March

Commodity EPDM
Month-Year Rs/kg
May-17 225.40
June-17 235.77
Data Source: Industry Sources

July-17 235.60
Aug-17 233.93
Sept-17 235.60
Oct-17 250.10
Nov-17 249.20
Dec-17 249.20
Jan-18 244.50
Feb-18 254.95
Mar-18 258.05
April-18 260.49
May-18 284.93

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Commodity Prices: Monthly Monitor SIAM
Carbon Black
Movement of Carbon Black Prices 2017-18 2018-19
140

132

124

116

108
Rs/ kg

100

92

84

76

68

60
April May June July August September October November December January February March

Commodity Carbon Black

Month-Year Rs/kg
May-17 109.35
June-17 109.35
Data Source: Industry Sources

July-17 102.45
Aug-17 102.45
Sept-17 102.45
Oct-17 106.70
Nov-17 106.70
Dec-17 106.70
Jan-18 129.11
Feb-18 129.11
Mar-18 129.11
*April-18 -
May-18 -

*Prices are updated on Quarterly basis. 33

Commodity Prices: Monthly Monitor SIAM
Polybutadiene Rubber
Rs/tonne – Domestic Prices 2017-18 2018-19
300000

275000

250000

225000

200000

175000

150000

125000

100000

75000

50000

25000

0
April May June July August September October November December January February March

Polybutadiene Rubber
Commodity (1220 Grade)
May-17 170560
Data Source: Industry Sources

June-17 149270
July-17 118270
Aug-17 121000
Sept-17 120680
Oct-17 140740
Nov-17 138390
Dec-17 125460
Jan-18 126830
Feb-18 129070
Mar-18 134860
April-18 140310
May-18*

*Price not updated by the source yet

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Commodity Prices: Monthly Monitor SIAM

E. Crude Petroleum

35
Commodity Prices: Monthly Monitor SIAM
Crude Oil
2017-18 2018-19
100
95
90
85
Price in US$ / Barrel

80
75
70
65
60
55
50
45
40
Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar

Europe Brent Spot Price FOB (Dollars

per Barrel)
Year/ Month 2017-18 2018-19
April 49.55 74.98
May 52.58 78.59
June 46.16
July 49.95
August 52.03
September 58.75
October 58.58
November 62.68
December 66.52
January 70.04
February 65.52
March 68.65

Data Source: Last Week Average Europe Brent Spot Price from Energy Information Administration, US
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Commodity Prices: Monthly Monitor SIAM

F. Other Rates

37
Commodity Prices: Monthly Monitor SIAM
Banking Policy & Lending Rates
Rates Cash Reserve Ratio Bank Rate Base Rate
Unit / Year Per cent Per cent p.a. Per cent p.a.
April – 2018 4 6.25 8.65 – 9.45
May-2018 4 6.25 8.70 – 9.45
June – 2018 4 6.50 8.70 – 9.45

Data Source: Reserve Bank of India

38
 Foreign Exchange Rate - US Dollar
BUYING 2017-18 2018-19
80
78
76
74
Rs per unit of US$

72
70
68
66
64
62
60
Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar

Rupees per Unit of US Dollar

Year/ 2017-18 2018-19
Month Buying Selling Buying Selling
Apr 64.11 64.56 64.68 65.13
May 64.04 64.49 67.04 67.50
Jun 64.16 64.61 66.75 67.21
Jul 64.22 64.67
Aug 63.88 64.32
Sep 63.63 64.07
Oct 64.96 65.41
Nov 64.85 65.30
Dec 64.18 64.63
Jan 63.09 63.53
Feb 64.03 64.06
Mar 64.75 64.78

Data Source: RBI 39

Commodity Prices: Monthly Monitor SIAM
Foreign Exchange Rate-Pound Sterling
BUYING 2017-18 2018-19
114

106
Rs per unit of Pound Sterling

98

90

82

74

66

58

50
Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar

Rupees per Unit of Pound Sterling

2017-18 2018-19
Year/
Month Buying Selling Buying Selling
Apr 79.56 80.44 90.98 91.99
May 82.48 83.39 90.74 91.76
Jun 81.03 81.93 89.43 90.42
Jul 82.65 83.56
Aug 82.71 83.62
Sep 83.78 84.71
Oct 85.48 86.42
Nov 85.08 86.01
Dec 85.80 86.74
Jan 86.48 86.52
Feb 88.35 88.39
Mar 89.47 89.51

Data Source: RBI

40
Commodity Prices: Monthly Monitor SIAM
Foreign Exchange Rate - Euro
BUYING 2017-18 2018-19
90

86

82

78
Rs per unit of Euro

74

70

66

62

58

54

50
Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar

Rupees per Unit of Euro

Year/ 2017-18 2018-19
Month Buying Selling Buying Selling
Apr 67.86 68.60 79.17 80.05
May 69.51 70.28 79.38 80.25
Jun 71.68 72.48 78.57 79.44
Jul 73.09 73.91
Aug 74.93 75.76
Sep 76.03 76.88
Oct 76.33 77.18
Nov 75.30 75.34
Dec 75.42 76.26
Jan 76.84 77.69
Feb 78.51 78.55
Mar 79.58 79.62

Data Source: RBI

41
Commodity Prices: Monthly Monitor SIAM
Foreign Exchange Rate - Yen
BUYING 2017-18 2018-19
80

77

74
Rs per unit of 100 Yen

71

68

65

62

59

56

53

50
Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar

Rupees per 100 Yen

Year/ 2017-18 2018-19
Month Buying Selling Buying Selling
Apr 57.77 58.47 60.24 60.97
May 55.93 56.61 60.90 61.63
Jun 58.18 58.88 60.52 61.25
Jul 56.04 56.72
Aug 58.45 59.16
Sep 58.01 58.71
Oct 57.59 58.29
Nov 56.99 57.02
Dec 56.35 57.03
Jan 56.84 56.87
Feb 58.92 58.95
Mar 60.53 60.56
Data Source: RBI

42
Commodity Prices: Monthly Monitor SIAM
Foreign Exchange Rate - Renminbi
2017-18 2018-19

14

12
Rs per unit of Renminbi

10

0
Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar

Rupees per Unit of China’s Renminbi (CNY)

Period Rate Period Rate
11 April 2017 9.34 10 April 2018 10.29

11 May 2017 9.32 10 May 2018 10.57

13 June 2017 9.48 10 June 2018 10.52
10 July 2017 9.48

12 Aug 2017 9.62

12 Sept 2017 9.80
10 Oct 2017 9.91
10 Nov 2017 9.81
11 Dec 2017 9.72
15 Jan 2018 9.85
15 Feb 2018 10.16

12 Mar 2018 10.28

Data Source: Bloomberg 43

Commodity Prices: Monthly Monitor SIAM
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no fee charged for the information and it must be noted with a copyright mark.
• Within libraries it is permissible to process, arrange, classify, retrieve, and display purchased materials.
• Digital version of monthly reports (PDF file) can be browsed only by readers approved by SIAM.
3. Forbidden practices: It is forbidden to use SIAM research resources (including all pages of printed matters and digital resources printed out
by subscribers), in whole or in part in the following cases without prior permission granted from SIAM. This restriction applies to but is not
limited to third party as well as "Same Company."
• Photocopying research resources directly and passing to a third party. For libraries, please be advised that free library use does not include
the copy of materials and passing to a third party.
• To quote, reproduce, or otherwise adapt anywhere except within "same company."
• To give or transfer PDF data or Excel data etc. to a third party, or posting on the Internet or company intranet.
• To process all or some of the data, print all or some of the data or the processed data, or post any data on the Internet or company intranet
with the intention of providing the data to a third party.
• Use of the ID and password by anyone other- than a registered user at the same department or to forward the ID and password to a third
party.
• To translate to another language and give to a third party.
• To convert data into an electronic format by scanning or otherwise and give to a third party.
• To directly or indirectly sell some or all the research data published by SIAM to a third party.
• SIAM digital resources are forbidden to be sold to a library or/and other party which intends to make resources available to a third party.
• Any other action or area except mentioned in article 2.
4. Warning and Termination:
• When it becomes clear that these guidelines have been violated and the customer has misused SIAM copyrighted material, the customer
will be warned to cease and desist, and further, the offending company and department name will be noted on SIAM’s website.
• If the company disregards the warnings and does not cease and desist the offending activity within the warning period, SIAM will refuse
services to the offending company.
• In the event that SIAM or other copyright holder’s right have been violated, a claim for damages will be made also precaution under
Copyright Act will be initiated.
5. Guideline changes: These guidelines may be changed from time to time.
Copyright 2009, SIAM

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 SIAM

CONTACT US AT:
Society of Indian Automobile Manufacturers (SIAM)
Core 4B, 5th Floor
India Habitat Centre, Lodi Road, New Delhi, India
Phone: +91 11 2464 7810 – 12
Fax: +91 11 2464 8222
E-mail: [email protected]
Website: www.siam.in