Malaysian producer slashes January PP, PE offers in local ground
Malaysian producer slashes January PP, PE offers in local ground
Following the recent correction in the regional market coupled with the soft demand locally, a Malaysian producer slashed offers for January delivery PP and PE cargoes to domestic buyers substantially to reflect the market condition.
The latest price list and changes are shown in the following table:
|
Material |
Price List on 28 Dec. 2021 |
USD Equivalent |
Monthly Changes |
USD Equivalent |
|
Combined and Reported by CommoPlast |
||||
|
PPH film |
RM5,760 |
$1,371 |
-MYR 500 |
-$119 |
|
PPH yarn |
RM5,560 - 5,660 |
$1,324 - 1,348 |
-MYR 500 |
-$119 |
|
PPH inj |
RM5,860 |
$1,395 |
-MYR 500 |
-$119 |
|
BOPP |
RM6,150 |
$1,464 |
-MYR 400 |
-$95 |
|
PPBC |
RM5,770 - 5,840 |
$1,374 - 1,390 |
-MYR 400 |
-$95 |
|
PPRC |
RM6,050 - 6,050 |
$1,440 - 1,464 |
-MYR 400 |
-$95 |
|
HD film |
RM5,380 - 5,830 |
$1,281 - 1,388 |
-MYR 300 |
-$71 |
|
HD blow |
RM5,480 |
$1,305 |
-MYR 300 |
-$71 |
|
HD inj |
- |
- |
- |
- |
|
HD yarn |
- |
- |
- |
- |
|
LD film |
RM7,070 |
$1,683 |
-MYR 300 |
-$71 |
|
LD inj |
RM7,270 |
$1,731 |
-MYR 300 |
-$71 |
|
LD coating |
RM7,310 |
$1,740 |
-MYR 300 |
-$71 |
|
LD Gen Purp |
RM6,930 |
$1,650 |
-MYR 300 |
-$71 |
|
LLDPE film |
- |
- |
- |
- |
|
All based on FD Malaysia terms Price list for 10 tons and below Exchange rates: USD 1 = MYR 4.20 |
||||
Malaysian buyers have been limiting purchases over the past several weeks in anticipation of such large decreases. Sources expected the buying sentiment to pick up this time as manufacturers continue to prepare for the Lunar New Year demand.
“However, the recent flood is a bump. Buyers might avoid building too high stocks amid the bearish international market outlook. We prefer to remain cautious,” a local trader commented.