Local producer rollovers May PP, PE offers in Malaysia amid sluggish demand
Initial responses from the market are soft. Buyers refrain from placing any firm bids, especially on PP cargoes amid the dwindling finished goods businesses and comfortable supply conditions.
Following a brief reduction in April, a major Malaysian producer decided to roll over PP and PE offers for May delivery claiming reduced sales pressure even though demand in this market weakens visibly following the Ramadan holiday.
The latest price list and changes are shown in the following table:
|
Material |
Price List on 25 Apr. 2023 |
USD Equivalent |
Monthly Changes |
USD Equivalent |
|
Combined and Reported by CommoPlast |
||||
|
PPH film |
RM5,580 |
$1,254 |
- |
- |
|
PPH yarn |
RM5,380 - 5,480 |
$1,209- 1,281 |
- |
- |
|
PPH inj |
RM5,630 |
$1,265 |
- |
- |
|
BOPP |
RM5,930 |
$1,333 |
- |
- |
|
PPBC |
RM5,520 - 5,590 |
$1,240- 1,256 |
- |
- |
|
PPRC |
RM5,830 - 5,930 |
$1,310 - 1,333 |
- |
- |
|
HD film |
RM5,290 - 5,740 |
$1,189 - 1,290 |
- |
- |
|
HD blow |
RM5,390 |
$1,211 |
- |
- |
|
HD inj |
RM5,390 |
$1,217 |
- |
- |
|
HD yarn |
RM5,390 |
$1,211 |
- |
- |
|
LD film |
RM5,600 |
$1,258 |
- |
- |
|
LD inj |
RM5,900 |
$1,326 |
- |
- |
|
LD coating |
RM5,940 |
$1,335 |
- |
- |
|
LD Gen Purp |
RM5,460 |
$1,227 |
- |
- |
|
LLDPE film |
- |
- |
- |
- |
|
All based on FD Malaysia terms Price list for 10 tons and below Exchange rates: USD 1 = MYR 4.45 |
||||
Initial responses from the market are soft. Buyers refrain from placing any firm bids, especially on PP cargoes amid the dwindling finished goods businesses and comfortable supply conditions.
“We expect PP offers to drop again because new supply from PrefChem is more regular now while the regional market is struggling to sustain any potential increases. Our customers have not responded to the new offers,” said, a trading house.
Among the grades, sources said that inquiries for HDPE film remain stable thanks to the supply tightness on a global scale.