Malaysian producer cuts December PP, PE offers in domestic market
Malaysian producer cuts December PP, PE offers in domestic market
A major producer in Malaysia has opened fresh PP and PE offers to the local market with a rather large reduction compared to last month, especially on homo-PP cargoes.
The producer’s latest price list and month-on-month changes are shown in the following table:
|
Grade |
Price List on 27 Nov. 19 |
USD Equivalent |
Changes in MYR |
Changes in USD |
|
PPH film |
MYR 4730 |
$1132 |
-MYR 260 |
-$62 |
|
PPH yarn |
MYR 4580-46300 |
$1095-1107 |
-MYR 260 |
-$62 |
|
PPH injection |
MYR 4730 |
$1132 |
-MYR 260 |
-$62 |
|
BOPP |
MYR 5070 |
$1213 |
-MYR 200 |
-$48 |
|
PPBC |
MYR 4650-4720 |
$1112-1129 |
-MYR 260 |
-$62 |
|
PPRC |
MYR 5010-5660 |
$1198-1354 |
-MYR 200 |
-$48 |
|
HD film |
MYR 3820-4270 |
$913-1021 |
-MYR 120 |
-$29 |
|
HD blow |
MYR 3820 |
$914 |
-MYR 200 |
-$48 |
|
HD injection |
MYR 4040-4140 |
$966-990 |
-MYR 150 |
-$36 |
|
HD yarn |
MYR 4040 |
$967 |
-MYR 200 |
-$48 |
|
LD film |
MYR 4330 |
$1036 |
-MYR 200 |
-$48 |
|
LD injection |
MYR 4470 |
$1069 |
-MYR 200 |
-$48 |
|
LD coating |
MYR 4510 |
$1079 |
-MYR 200 |
-$48 |
|
LD Gen Purpose |
MYR 4230 |
$1012 |
-MYR 200 |
-$48 |
|
*All based on FD Malaysia term *Exchange Rate: USD 1 = MYR 4.18 |
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There have been reports that demand condition in Malaysia remains largely steady toward the end of the year, in spite of the fact that the market is amid the traditionally high demand season.
“Compared to the regional market, the producer’s offers are still quite high. We do expect some additional discount on deals,” a market source added.