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Malaysian maker slashes June PP, PE offers in the domestic marketMalaysian maker slashes June PP, PE offers in the domestic market |
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Malaysian customers reportedly received fresh PP and PE offers for June delivery from a key local producer with large reductions from the previous month, reflecting the persistent downtrend in the import ground.
The latest price list and changes are shown in the following table:
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Material |
Price List on 30 May 2022 |
USD Equivalent |
Monthly Changes |
USD Equivalent |
|
Combined and Reported by CommoPlast |
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PPH film |
RM6,310 |
$1,434 |
-MYR 400 |
-$91 |
|
PPH yarn |
RM6,110 - 6,210 |
$1,398 - 1,421 |
-MYR 400 |
-$91 |
|
PPH inj |
RM6,360 |
$1,445 |
-MYR 450 |
-$102 |
|
BOPP |
RM6,750 |
$1,534 |
-MYR 400 |
-$91 |
|
PPBC |
RM6,270 - 6,340 |
$1,435 - 1,451 |
-MYR 400 |
-$91 |
|
PPRC |
RM7,650 - 6,750 |
$1,522 - 1,545 |
-MYR 400 |
-$91 |
|
HD film |
RM6,090 - 6,560 |
$1,394 - 1,501 |
-MYR 500 |
-$114 |
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HD blow |
RM6,290 |
$1,430 |
-MYR 500 |
-$114 |
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HD inj |
RM6,190 - 6,290 |
$1,416 - 1,439 |
-MYR 500 |
-$114 |
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HD yarn |
RM6,190 |
$1,407 |
-MYR 500 |
-$114 |
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LD film |
RM7,850 |
$1,784 |
-MYR 300 |
-$68 |
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LD inj |
RM8,050 |
$1,830 |
-MYR 300 |
-$68 |
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LD coating |
RM8,090 |
$1,839 |
-MYR 300 |
-$68 |
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LD Gen Purp |
RM7,710 |
$1,752 |
-MYR 300 |
-$68 |
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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 4.40 |
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The Malaysian polyolefin market is expected to face heightened competition in the coming month as PrefChem successfully restarted its 1.2 million tons/year ethylene cracker in Johor, paving way for the downstream PP and PE plants to come back after more than two years of shutdown. According to sources close to the producer, off-grade PP cargoes might become available as early as the beginning of June.
“The market is calm. Customers are taking time to assess the near-term outlook before making decisions. Given the expected higher availability ahead, it should not be a surprise if customers decided to make smaller purchases this time. Anyway, it is the off-peak season,” a local trader added.
In comparison to the import market, homo-PP offers from domestic producers are not competitive. In the past week, Malaysian buyers reported having achieved deals for non-dutiable Thailand homo-PP yarn and injection at below the $1300/ton threshold, based on CIF terms.
Country
Malaysia
