CommoPlast

Local producer rollovers May PP, PE offers in Malaysia amid sluggish demand

insight 28 Apr 2023

Initial responses from the market are soft. Buyers refrain from placing any firm bids, especially on PP cargoes amid the dwindling finished goods businesses and comfortable supply conditions.


Following a brief reduction in April, a major Malaysian producer decided to roll over PP and PE offers for May delivery claiming reduced sales pressure even though demand in this market weakens visibly following the Ramadan holiday.

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

Material

Price List on     25 Apr. 2023

USD      Equivalent

Monthly     Changes

USD Equivalent

Combined and Reported by CommoPlast

PPH film

RM5,580

$1,254

-

-

PPH yarn

RM5,380 - 5,480

$1,209- 1,281

-

-

PPH inj

RM5,630

$1,265

-

-

BOPP

RM5,930

$1,333

-

-

PPBC

RM5,520 - 5,590

$1,240- 1,256

-

-

PPRC

RM5,830 - 5,930

$1,310 - 1,333

-

-

HD film

RM5,290 - 5,740

$1,189 - 1,290

-

-

HD blow

RM5,390

$1,211

-

-

HD inj

RM5,390

$1,217

-

-

HD yarn

RM5,390

$1,211

-

-

LD film

RM5,600

$1,258

-

-

LD inj

RM5,900

$1,326

-

-

LD coating

RM5,940

$1,335

-

-

LD Gen Purp

RM5,460

$1,227

-

-

LLDPE film

-

-

-

-

All based on FD Malaysia terms

Price list for 10 tons and below

Exchange rates: USD 1 = MYR 4.45

 

Initial responses from the market are soft. Buyers refrain from placing any firm bids, especially on PP cargoes amid the dwindling finished goods businesses and comfortable supply conditions. 

“We expect PP offers to drop again because new supply from PrefChem is more regular now while the regional market is struggling to sustain any potential increases. Our customers have not responded to the new offers,” said, a trading house.

Among the grades, sources said that inquiries for HDPE film remain stable thanks to the supply tightness on a global scale. 

Country
Malaysia