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Another local producer announced September PE offers in MalaysiaAnother local producer announced September PE offers in Malaysia |
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Another local producer in Malaysia has opened September delivery offers for PE with little changes compared to the previous month – a trend that was observed in the new price list from other domestic supplier in the previous week.
The producer’s latest offers and changes are shown in the following table:
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Grade |
Price List on 30 Aug. 21 |
USD Equivalent |
M.O.M Changes |
USD Equivalent |
Term |
|
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Combined and reported by CommoPlast |
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LLDPE film |
RM5,900 |
$1,395 |
+MYR 1 |
$0 |
FD Malaysia |
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LLDPE roto molding |
RM5,998 |
$1,418 |
-MYR 2 |
-$0 |
FD Malaysia |
|
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HDPE film |
RM5,321 |
$1,258 |
- |
- |
FD Malaysia |
|
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HDPE blow molding |
RM5,418 |
$1,281 |
-MYR 3 |
-$1 |
FD Malaysia |
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LDPE film |
RM6,501 |
$1,537 |
+MYR 3 |
+$1 |
FD Malaysia |
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Exchange rate: USD 1 = MYR 4.23 |
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Demand in Malaysia remains soft this week in spite of the fact that the country is easing lockdown measures, allowing more business sectors to reopen from the COVID-19 lockdown.
“Demand is recovering, but at a slower pace than we’d hoped for. The number of infection cases in Malaysia is still high, hence, consumers are still not comfortable going out,” a local trader commented.
Many Malaysian buyers were hoping for some reductions considering the sluggish demand condition across the Southeast Asia region that has been forcing international suppliers to soften their stance on import offers.
Country
Malaysia
