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Another Malaysian producer slashed January PE offers to local marketAnother Malaysian producer slashed January PE offers to local market |
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Malaysian customers reported having received fresh PE offers from another major local producer with sharp reductions, following the dwindling trading sentiment across the region.
The maker’s latest price list and month-on-month changes are shown in the following table:
|
Material |
Price List 2 Jan. 22 |
USD Equivalent |
Monthly Changes |
USD Equivalent |
Term |
|
Combined and Reported by CommoPlast |
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|
LLDPE Film |
RM6,125 |
$1,469 |
-MYR 315 |
-$76 |
FD Malaysia |
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LLDPE Roto |
RM6,225 |
$1,493 |
-MYR 316 |
-$76 |
FD Malaysia |
|
HDPE Film |
RM5,429 |
$1,302 |
-MYR 340 |
-$82 |
FD Malaysia |
|
HDPE Blow |
RM5,529 |
$1,326 |
-MYR 341 |
-$82 |
FD Malaysia |
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Exchange Rate: USD1 = MYR 4.17 |
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Demand in Malaysia remains soft at the moment as manufacturers refrain from making large purchases ahead of the long Lunar New Year holiday ahead. However, market participants are optimistic that trading sentiment would improve by the second half of February as preparation for Ramadan takes place.
Country
Malaysia
