Malaysian maker announced April shipment offers for PP, PE to Indonesia

It is reported that a major Malaysian producer has announced fresh offers for PP and PE to Indonesia for April shipment at the stable for softer levels compared to last month. While homo-PP and LDPE cargoes are receiving $30/ton reduction, following the prevailing trend across the region, the maker decided to hold HDPE and PP copolymer prices unchanged on limited supply. 

Latest price list and changes are shown in the following table:

However, buyers in the country are not very receptive towards the latest offers, especially for homo-PP as local materials continue to present at more competitive levels. “Therefore, we are open to negotiation. Buyers are relatively passive on fresh purchases this week and we hope to see the better condition in the coming week amid preparation for Ramadan season,” a source close to the producer said.