Local producer slashes December PP, PE offers in Malaysia
Local producer slashes December PP, PE offers in Malaysia
A major local producer in Malaysia has opened December PP and PE offers with reductions from the previous month, reflecting the common development across the Asia region in recent weeks.
The latest price list and changes are shown in the following table:
|
Material |
Price List on 29 Nov. 2021 |
USD Equivalent |
Monthly Changes |
USD Equivalent |
|
Combined and Reported by CommoPlast |
||||
|
PPH film |
RM6,260 |
$1,487 |
-MYR 80 |
-$19 |
|
PPH yarn |
RM6,060 - 6,160 |
$1,439 - 1,463 |
-MYR 80 |
-$19 |
|
PPH inj |
RM6,360 |
$1,511 |
-MYR 80 |
-$19 |
|
BOPP |
RM6,550 |
$1,556 |
-MYR 80 |
-$19 |
|
PPBC |
RM6,170 - 6,240 |
$1,466 - 1,482 |
-MYR 80 |
-$19 |
|
PPRC |
RM6,450 - 6,550 |
$1,532 - 1,556 |
-MYR 80 |
-$19 |
|
HD film |
RM5,680 - 6,130 |
$1,349 - 1,446 |
- |
- |
|
HD blow |
RM5,780 |
$1,373 |
- |
- |
|
HD inj |
RM5,770 - 5,870 |
$1,371 - 1,394 |
- |
- |
|
HD yarn |
RM5,680 |
$1,349 |
- |
- |
|
LD film |
RM7,370 |
$1,751 |
-MYR 100 |
-$24 |
|
LD inj |
RM7,570 |
$1,798 |
-MYR 100 |
-$24 |
|
LD coating |
RM7,610 |
$1,808 |
-MYR 100 |
-$24 |
|
LD Gen Purp |
RM7,230 |
$1,717 |
-MYR 100 |
-$24 |
|
LLDPE film |
RM0 |
$0 |
- |
- |
|
All based on FD Malaysia terms Exchange rates: USD 1 = MYR 4.21 |
||||
Buyers are taking a step back to assess the market situation before making decisions, causing rather sluggish initial responses toward the new price list. While traders are holding breaths for a clearer direction, the nosedived crude oil prices do not make it easier.
“Buyers might slow down purchases to wait for further reductions ahead. The outlook is not all bullish, especially with the new strain of COVID-19 that threaten another round of lockdown globally,” a market source commented.