Malaysian maker slashes April PP and PE offers to Indonesia
Malaysian maker slashes April PP and PE offers to Indonesia
It is reported that a major Malaysian producer has announced fresh PP and PE offers for April shipment to the Indonesia market with three digits reductions in all PP cargoes compared to 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 |
$920 |
-$130 |
LD film |
$980 |
-$110 |
||
|
PP thermo |
$950 |
-$130 |
LD lamination |
$1080 |
-$90 |
||
|
PP film |
$950 |
-$130 |
HD film |
$880 |
-$20 |
||
|
PP fibre |
$970 |
-$130 |
HD blow moulding |
$880 |
-$20 |
||
|
PP block copolymer |
$1000 |
-$150 |
HD yarn |
$880 |
-$20 |
||
|
PP random copolymer |
$1060 |
-$140 |
|
|
|
||
|
All based on CIF Indonesia, LC AS term |
|||||||
The price cut in LDPE film is very much anticipated following the drastic reduction the producer introduced in the Vietnam market in the previous week.
“However, with the depreciation of the Indonesian Rupiah against the US dollar, buyers continue to find the new prices less attractive than local cargoes at the moment. We expect more discounts to emerge,” a market source said.