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Malaysian distributors: Local producer lifts PP, PE prices

by ChemOrbis Editorial Team -
  • 14/08/2015 (15:48)
According to distributors in Malaysia, a local producer lifted their domestic PP and PE prices owing to the depreciation of the Malaysian ringgit against the US dollar. The producer reportedly implemented increases of MYR100/ton ($25/ton) on their local PP and PE offers.

A distributor stated, “The producer raised their offers in line with the depreciating ringgit. We are concerned about the potential of Chinese coal based homo-PP exports nowadays as we heard that more Malaysian traders are starting to receive offers from China due to the devaluation of the Chinese yuan.”

The producer’s new PP offers reportedly stand at MYR5070-5100/ton ($1259-1266/ton) for PP block copolymer, at MYR5370/ton ($1333/ton) for PP random copolymer, at MYR4840-4900/ton ($1202-1217/ton) for raffia and injection and at MYR4990/ton ($1239/ton) for film, all on an FD Malaysia, cash basis.

For PE, they are currently offering LDPE film at MYR5340-5360/ton ($1326-1331/ton), LDPE injection at MYR5490-5500/ton ($1363-1366/ton), LLDPE c4 film at MYR5360-5390/ton ($1331-1338/ton), HDPE film at MYR5250/ton ($1304/ton) and HDPE blow moulding at MYR5320-5380/ton ($1321-
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