Local PP, PE market in Malaysia rebounded as key maker opens February offers
Local PP, PE market in Malaysia rebounded as key maker opens February offers
A key local producer in Malaysia has opened a fresh price list for February delivery to domestic buyers with steep increases, especially on PP cargoes to reflect the current uptrend across the Asia region.
The latest price list and changes are shown in the following table:
|
Material |
Price List on 28 Jan. 2022 |
USD Equivalent |
Monthly Changes |
USD Equivalent |
|
Combined and Reported by CommoPlast |
||||
|
PPH film |
RM6,210 |
$1,479 |
+MYR 450 |
+$107 |
|
PPH yarn |
RM6,010 - 6,110 |
$1,431 - 1,455 |
+MYR 450 |
+$107 |
|
PPH inj |
RM6,310 |
$1,502 |
+MYR 450 |
+$107 |
|
BOPP |
RM6,450 |
$1,536 |
+MYR 300 |
+$71 |
|
PPBC |
RM6,070 - 6,140 |
$1,445 - 1,462 |
+MYR 300 |
+$71 |
|
PPRC |
RM6,350 - 6,450 |
$1,512 - 1,536 |
+MYR 300 |
+$71 |
|
HD film |
RM5,660 - 6,130 |
$1,348 - 1,460 |
+MYR 280 |
+$67 |
|
HD blow |
RM5,760 |
$1,371 |
+MYR 280 |
+$67 |
|
HD inj |
RM5,950 - 6,050 |
$1,417 - 1,440 |
+MYR 180 |
+$43 |
|
HD yarn |
RM5,860 |
$1,395 |
+MYR 180 |
+$43 |
|
LD film |
RM7,250 |
$1,726 |
+MYR 180 |
+$43 |
|
LD inj |
RM7,450 |
$1,774 |
+MYR 180 |
+$43 |
|
LD coating |
RM7,490 |
$1,783 |
+MYR 180 |
+$43 |
|
LD Gen Purp |
RM7,110 |
$1,693 |
+MYR 180 |
+$43 |
|
LLDPE film |
- |
- |
- |
- |
|
All based on FD Malaysia terms Price list for 10 tons and below Exchange rates: USD 1 = MYR 4.20 |
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Local demand in Malaysia is much better than expected, according to market sources. Buyers decided to make replenishment in anticipation of further increases ahead, once the preparation for the Ramadan season kick in.
“We are surprised. Trading activities are better than expected. Local suppliers have the support to implement further increases in the coming weeks,” a trader said.