Major local producer slashed November PP, PE prices in Malaysia
Major local producer slashed November PP, PE prices in Malaysia
HD Film LD Film PPH Inj PPH Raf
It is reported that a major local producer in Malaysia has announced November delivery offers for both PP and PE. The latest price list sees a large reduction in HDPE offers, in line with the recent development in the regional market.
The producer’s latest price list and month-on-month changes are shown in the following table:
|
Grade |
Price List on 31 Oct. 19 |
USD Equivalent |
Changes in MYR |
Changes in USD |
|
PPH film |
MYR 4990 |
$1193 |
-MYR 50 |
-$12 |
|
PPH yarn |
MYR 4850-4890 |
$1167-1178 |
-MYR 50 |
-$12 |
|
PPH injection |
MYR 4990 |
$1193 |
-MYR 50 |
-$12 |
|
BOPP |
MYR 5270 |
$1260 |
- |
- |
|
PPBC |
MYR 4910-4980 |
$1173-1190 |
-MYR 50 |
-$12 |
|
PPRC |
MYR 5210-5270 |
$1243-1398 |
- |
- |
|
HD film |
MYR 4200 |
$1002 |
-MYR 120 |
-$29 |
|
HD blow |
MYR 4020 |
$961 |
-MYR 180 |
-$43 |
|
HD injection |
MYR 4190-4290 |
$1028-1052 |
-MYR 100 |
-$24 |
|
HD yarn |
MYR 4240 |
$1001-1025 |
-MYR 120 |
-$29 |
|
LD film |
MYR 4530 |
$1083 |
-MYR 80 |
-$19 |
|
LD injection |
MYR 4670 |
$1116 |
-MYR 80 |
-$19 |
|
LD coating |
MYR 4710 |
$1126 |
-MYR 80 |
-$19 |
|
LD Gen Purpose |
MYR 4430 |
$1059 |
-MYR 80 |
-$19 |
|
*All based on FD Malaysia term *Exchange Rate: USD 1 = MYR 4.19 |
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Apparently, demand in Malaysia remains softer than expected and the availability of competitive cargoes in the distribution market is creating tremendous pressure for the producer.
“In fact, import cargoes for HDPE film are already juggling around the low $800/ton threshold based on the CIF term. It is challenging to attract customers now,” a market source said.
Meanwhile, in spite of the cut in PP prices, offers for homo-PP remain relatively higher than other markets within the region at the moment.