Malaysian maker offers February PP, PE cargoes to Indonesia

A major Malaysian producer has announced February shipment offers for PP and PE to Indonesia on the first trading day of the week. The latest price list is rather mixed, as stronger sentiment in the homo-PP market encouraged the supplier to introduce a small hike from last month while other cargoes remain stable to soft.

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

 There have been reports that Indonesian buyers are actively asking for offers and placing bids for homo-PP and HDPE cargoes, though actual deals have yet to materialize. Traders are hoping to see better sentiment in week now that market believes prices are nearing the bottom.