Malaysian producer cuts November HDPE offers to Indonesia, maintained others.
Malaysian producer cuts November HDPE offers to Indonesia, maintained others.
It is reported that a Malaysian producer has announced PP and PE offers to Indonesia market for November shipment. Except for HDPE, which witness a $20/ton reduction from last month, all other grades remain unchanged.
Latest price list and changes are shown in the following table:
|
Material |
Offered Price (USD/ton) |
Changes |
Material |
Offered Price (USD/ton) |
Changes |
|
|
Combined and reported by CommoPlast |
||||||
|
PP yarn & injection |
$1120 |
- |
LD film |
$1050 |
- |
|
|
PP thermo |
$1150 |
- |
LD lamination |
$1130 |
- |
|
|
PP film |
$1170 |
- |
HD film |
$960 |
-$20 |
|
|
PP fibre |
$1170 |
- |
HD blow moulding |
$960 |
-$20 |
|
|
PP block copolymer |
$1150 |
- |
HD yarn |
$960 |
-$20 |
|
|
PP random copolymer |
$1210 |
- |
|
|
|
|
|
All based on CIF Indonesia, LC AS term. |
||||||
The reduction in HDPE offers underlines the weak demand condition, not only in Indonesia, but also across the Southeast Asia region. Customers have expressed the buy ideas for these cargoes at the low $900/ton levels.
“Meanwhile, supply for homo-PP is a bit tight due to several plant issues in the region, however, we do not think the producer’s new offers could attract sufficient purchasing interest. Local market is more competitive,” a buyer added.