Malaysian PP, PE offers see sharp jumped in Indonesia
Malaysian PP, PE offers see sharp jumped in Indonesia
A key Malaysian producer has opened March shipment offers for PP and PE to Indonesia with substantial increases from the previous month, in line with the surging upstream ethylene and propylene costs.
The producer’s latest price list and changes month on month are shown in the following table:
|
Material |
Price List (USD/ton) |
Changes |
Material |
Price List (USD/ton) |
Changes |
|
PP yarn & injection |
$1550 |
- |
LD film |
$1780 |
+$80 |
|
PP thermo |
$1580 |
- |
LD lamination |
$1880 |
+$80 |
|
PP film |
$1580 |
- |
HD film |
$1420 |
+$120 |
|
PP fibre |
$1600 |
- |
HD blow moulding |
$1420 |
+$120 |
|
PP block copolymer |
$1550 |
- |
HD yarn |
$1420 |
+$120 |
|
PP random copolymer |
$1600 |
- |
|
||
|
All based on CIF Indonesia, LC AS term |
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Note that the producer did not offer PP cargoes in February.
The latest PP offers receive limited responses from the market taking into account the large premium these cargoes carry over other origins such as Vietnam and China.
According to data from CommoPlast, the producer’s homo-PP yarn and injection offers are $120-140/ton above Vietnamese materials and $190-230/ton higher than Chinese cargoes.
“We are shocked by the HDPE offers, too. Prices are going up too quickly while we are still unable to increase end-product selling prices. Due to the Omicron wave, many retailers refused to place new PO even though the Ramadan season is starting soon,” a converter added.