Local producer slashed December PP, PE offers drastically in Malaysia
Local producer slashed December PP, PE offers drastically in Malaysia
A major Malaysian producer has opened December PP and PE offers to local buyers with drastic decreases from the previous month on the back of sluggish demand and heightened competition from the recently emerged cargoes from PrefChem.
The latest price list and changes are shown in the following table:
|
Material |
Price List on 29 Nov. 2022 |
USD Equivalent |
Monthly Changes |
USD Equivalent |
|
Combined and Reported by CommoPlast |
||||
|
PPH film |
RM 5,080 |
$1,129 |
-MYR 700 |
-$156 |
|
PPH yarn |
RM 4,880 - 4,980 |
$1,084 - 1,107 |
-MYR 700 |
-$156 |
|
PPH inj |
RM 5,130 |
$1,140 |
-MYR 700 |
-$156 |
|
BOPP |
RM 5,520 |
$1,227 |
-MYR 700 |
-$156 |
|
PPBC |
RM 5,040 - 5,110 |
$1,120 - 1,136 |
-MYR 700 |
-$156 |
|
PPRC |
RM 5,420 - 5,520 |
$1,204 - 1,227 |
-MYR 700 |
-$156 |
|
HD film |
RM 4,960 - 5,410 |
$1,102 - 1,202 |
-MYR 700 |
-$156 |
|
HD blow |
RM 5,060 |
$1,124 |
-MYR 450 |
-$100 |
|
HD inj |
RM 5,060 - 5,160 |
$1124 - 1,147 |
-MYR 450 |
-$100 |
|
HD yarn |
- |
- |
- |
- |
|
LD film |
RM 5,470 |
$1,216 |
-MYR 800 |
-$178 |
|
LD inj |
RM 5,770 |
$1,282 |
-MYR 700 |
-$156 |
|
LD coating |
RM 5,810 |
$1,291 |
-MYR 700 |
-$156 |
|
LD Gen Purp |
RM 5,330 |
$1,184 |
-MYR 800 |
-$178 |
|
LLDPE film |
- |
- |
- |
- |
|
All based on FD Malaysia terms Price list for 10 tons and below Exchange rates: USD 1 = MYR 4.73 |
||||
Malaysian buyers remain cautious, especially those in the PP market as they have stocked up comfortable inventory in October to prepare for the Lunar New Year festive season.
“The demand might further deteriorate in December because it is too close to Lunar New Year, and buyers refrain from keeping high stocks ahead of the year-end closing. Besides, the macro-economic condition is not strong,” a trader commented.