CommoPlast

Malaysian producer announces October PP, PE offers to local market

insight 30 Sep 2019

Malaysian producer announces October PP, PE offers to local market


HD Film  LD Film  LL C4 Film  PPBC Inj  PPRC Inj  PPH Inj  PPH Raf 

A major Malaysian producer has opened October delivery offers for both PP and PE to the local market, mostly at the stable to lower levels compared to last month despite the recent firming trend in the import ground.

The producer’s latest price list and month-on-month changes are shown in the following table:

Grade

Price List on 30 Sept. 19

USD Equivalent

Changes in MYR

Changes in USD

PP film

MYR 5040

$1203

-

-

Homo-PP yarn

MYR 4890-4940

$1167-1178

-

-

Homo-PP inj

MYR 5040

$1203

-

-

BOPP

MYR 5270

$1258

-

-

PP block copolymer

MYR 4960-5030

$1183-1200

-

-

PP random copolymer

MYR 5210-5270

$1243-1398

-

-

HDPE film

MYR 4200

$1002

-MYR 120

-$29

HDPE blow

MYR 4200

$1002

-MYR 120

-$29

HDPE inj

MYR 4310-4410

$1028-1052

-MYR 100

-$24

HDPE yarn

MYR 4360

$1041

-MYR 100

-$24

LDPE film

MYR 4610

$1100

-

-

LDPE inj

MYR 4750

$1134

-

-

LDPE lamination

MYR 4790

$1143

-

-

LDPE gen purpose

MYR 4510

$1076

-

-

LLDPE film

MYR 4310

$1029

-

-

*All based on FD Malaysia term

*Exchange Rate: USD 1 = MYR 4.19

 

Demand condition in local Malaysia has been sluggish over the past week following a brief pick up during mid of the month due to the feedstock supply disruption in Saudi Arabia. Traders informed that buyers negotiate fiercely to obtain larger than usual discounts amid expectation that local supply would soon become ample.

“New supply from PrefChem might become available in the local market in the coming month. Competition is getting intense, giving buyers an upper hand in negotiation. Customers prefer to only buy small quantity while waiting,” a trader said.  

Country
Malaysia