CommoPlast

Malaysian producer slashes January PP, PE offers in local ground

insight 29 Dec 2021

Malaysian producer slashes January PP, PE offers in local ground


Following the recent correction in the regional market coupled with the soft demand locally, a Malaysian producer slashed offers for January delivery PP and PE cargoes to domestic buyers substantially to reflect the market condition. 

The latest price list and changes are shown in the following table: 

Material

Price List on     28 Dec. 2021

USD      Equivalent

Monthly     Changes

USD Equivalent

Combined and Reported by CommoPlast

PPH film

RM5,760

$1,371

-MYR 500

-$119

PPH yarn

RM5,560 - 5,660

$1,324 - 1,348

-MYR 500

-$119

PPH inj

RM5,860

$1,395

-MYR 500

-$119

BOPP

RM6,150

$1,464

-MYR 400

-$95

PPBC

RM5,770 - 5,840

$1,374 - 1,390

-MYR 400

-$95

PPRC

RM6,050 - 6,050

$1,440 - 1,464

-MYR 400

-$95

HD film

RM5,380 - 5,830

$1,281 - 1,388

-MYR 300

-$71

HD blow

RM5,480

$1,305

-MYR 300

-$71

HD inj

-

-

-

-

HD yarn

-

-

-

-

LD film

RM7,070

$1,683

-MYR 300

-$71

LD inj

RM7,270

$1,731

-MYR 300

-$71

LD coating

RM7,310

$1,740

-MYR 300

-$71

LD Gen Purp

RM6,930

$1,650

-MYR 300

-$71

LLDPE film

-

-

-

-

All based on FD Malaysia terms

Price list for 10 tons and below

Exchange rates: USD 1 = MYR 4.20

 

Malaysian buyers have been limiting purchases over the past several weeks in anticipation of such large decreases. Sources expected the buying sentiment to pick up this time as manufacturers continue to prepare for the Lunar New Year demand. 

“However, the recent flood is a bump. Buyers might avoid building too high stocks amid the bearish international market outlook. We prefer to remain cautious,” a local trader commented.   

Country
Malaysia