Malaysian producer lifted April PP, PE offers to Indonesia
Malaysian producer lifted April PP, PE offers to Indonesia
A major Malaysian producer has announced April shipment offers for both PP and PE to Indonesia market with $10-20/ton increased for PP and $20-30/ton increased for PE.
Latest price list and changes are shown in the following table:
|
Material |
Offered Price (USD/ton) |
Changes |
Material |
Offered Price (USD/ton) |
Changes |
||
|
PP yarn & injection |
$1180 |
+$20 |
LD film |
$1140 |
+$20 |
||
|
PP thermo |
$1210 |
+$20 |
LD lamination |
$1240 |
+$20 |
||
|
PP film |
$1210 |
+$20 |
HD film |
$1170 |
+$30 |
||
|
PP fibre |
$1230 |
+$20 |
HD blow moulding |
$1170 |
+$30 |
||
|
PP block copolymer |
$1250 |
+$20 |
HD yarn |
$1170 |
+$30 |
||
|
PP random copolymer |
$1290 |
+$10 |
|
|
|
||
|
All based on CIF Indonesia, LC AS term |
|||||||
Tight supply condition across the region is the main driver behind the hike in PP prices, sources said. Meanwhile, the uptrend in PE offers initially created questions among some buyers given the recent drop in upstream ethylene prices. However, local traders in Indonesia thought that buyers might show more acceptance for HDPE because the lack of availability in the domestic ground.