Malaysian PP move higher in Indonesia while PE remains unchanged
Malaysian PP move higher in Indonesia while PE remains unchanged
Indonesian players reported having received fresh PP and PE offers from a major Malaysian producer on the first trading day of the week for August shipment. The latest price list sees $30-40/ton hike on most of PP grades while PE is unchanged from last month.
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 |
$1140 |
+$40 |
LD film |
$1100 |
- |
||
|
PP thermo |
$1170 |
+$40 |
LD lamination |
$1200 |
- |
||
|
PP film |
$1170 |
+$40 |
HD film |
$1060 |
- |
||
|
PP fibre |
$1190 |
+$40 |
HD blow moulding |
$1060 |
- |
||
|
PP block copolymer |
$1190 |
+$30 |
HD yarn |
$1060 |
- |
||
|
PP random copolymer |
$1250 |
- |
|
|
|
||
|
All based on CIF Indonesia, LC AS term |
|||||||
Tightening PP supply across the region is one of the factors supporting the hike, sources said, though price negotiations from customers are getting fierce, too. Meanwhile, comfortable supply in Indonesia local ground is not giving overseas sellers a conducive environment to lift PE prices despite the recent hike in the upstream ethylene costs.