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Malaysian maker opens local PP, PE offers for April with substantial increasesMalaysian maker opens local PP, PE offers for April with substantial increases |
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Malaysian buyers reported having received fresh PP and PE offers from a key local producer for April delivery with substantial increases, a development that has been ongoing across the region as a result of the rising crude and upstream costs.
The latest price list and changes are shown in the following table:
|
Material |
Price List on 30 Mar. 2022 |
USD Equivalent |
Monthly Changes |
USD Equivalent |
|
Combined and Reported by CommoPlast |
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|
PPH film |
RM7,010 |
$1,661 |
+MYR 400 |
+$95 |
|
PPH yarn |
RM6,810 - 6,910 |
$1,614 - 1,626 |
+MYR 400 |
+$95 |
|
PPH inj |
RM7,110 |
$1,685 |
+MYR 400 |
+$95 |
|
BOPP |
RM7,350 |
$1,742 |
+MYR 500 |
+$118 |
|
PPBC |
RM6,970 - 7,040 |
$1,652 - 1,668 |
+MYR 500 |
+$118 |
|
PPRC |
RM7,250 - 7,350 |
$1,718 - 1,742 |
+MYR 500 |
+$118 |
|
HD film |
RM6,890 - 7,360 |
$1,633 - 1,744 |
+MYR 800 |
+$190 |
|
HD blow |
RM6,990 |
$1,656 |
+MYR 800 |
+$190 |
|
HD inj |
RM6,980 - 7,080 |
$1,654 - 1,678 |
+MYR 800 |
+$190 |
|
HD yarn |
RM6,990 |
$1,656 |
+MYR 800 |
+$190 |
|
LD film |
RM8,150 |
$1,931 |
+MYR 600 |
+$142 |
|
LD inj |
RM8,350 |
$1,979 |
+MYR 600 |
+$142 |
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LD coating |
RM8,390 |
$1,988 |
+MYR 600 |
+$142 |
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LD Gen Purp |
RM8,010 |
$1,898 |
+MYR 600 |
+$142 |
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LLDPE film |
- |
- |
- |
- |
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All based on FD Malaysia terms Price list for 10 tons and below Exchange rates: USD 1 = MYR 4.22 |
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As reported earlier, Lotte Chemical Titan has lowered operating rates at its No. 1 naphtha cracker in Pasir Gudang by 10-20% starting 14 March 2022 due to high feedstock costs. The producer has also shut its Fluidised Naphtha Cracker (FNC) at the same location for two-month maintenance.
As a result, the downstream PP and PE units are expected to reduce operating rates. These include three PP lines with a combined output of 640,000 tons/year, two HDPE lines with outputs of 335,000 tons/year, and an LDPE line capacity of 230,000 tons/year.
Lotte Chemical Titan might cut export allocations by up to 50% as a result of the production disruption.
“The sharp increases are also a reflection of the reduced availability. However, we expect the demand to slightly soften this month due to the fasting season. Besides, prices are too high for customers to accept,” added, a local trader.
Country
Malaysia
