Malaysian PP and PE emerged in Indonesia on a mixed note
Market sources said the sharp reductions in PP random copolymers and LDPE cargoes clearly underline the state of demand for these grades, from which buyers are expressing buying ideas at way below the price list.
A key Malaysian producer is among the latest international suppliers to open August shipment offers to Indonesia, though, unlike others, the maker’s latest price list witnesses a diverged movement between the grades.
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 |
$990 |
+$50 |
LD film |
$1050 |
-$50 |
|
PP thermo |
$1020 |
+$50 |
LD lamination |
$1150 |
-$50 |
|
PP film |
$1020 |
+$20 |
HD film |
$1070 |
+$20 |
|
PP fibre |
$1040 |
+$40 |
HD blow moulding |
$1070 |
+$20 |
|
PP block copolymer |
$1020 |
Stable |
HD yarn |
$1070 |
+$20 |
|
PP random copolymer |
$1070 |
-$60 |
|
||
|
All based on CIF Indonesia, LC AS term |
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Market sources said the sharp reductions in PP random copolymers and LDPE cargoes clearly underline the state of demand for these grades, from which buyers are expressing buying ideas at way below the price list.
A customer said, “The producer sold LDPE film to Vietnam last week at $100/ton below the offer to Indonesia. Even though the LDPE market is firming up, three digits location gap is not very convincing to us. We are asking for a $50/ton discount from the price list.”
Negotiations are ongoing though an increasing number of customers are planning to make small purchases claiming to have built comfortable stocks over the past weeks. Besides, the cloudy market outlook does not help with the eroding buyer’s confidence.