Malaysian producer announces Nov PP, PE offers to local market

Distributors in Malaysia reported that a local producer has announced its November prices to the domestic market as of today.

According to distributors, the producer’s new offers indicate rollovers for all products, except for LDPE prices which are down by MYR150/ton ($35/ton) for film and by MYR50/ton ($12/ton) for coating and injection grades when compared to October.

The producer’s PE prices currently stand at MYR5430/ton ($1277/ton) for HDPE film, at MYR5510/ton ($1296/ton) for HDPE blow moulding, at MYR 5560/ton ($1306/ton) for HDPE inj., at MYR5750/ton ($1352/ton) for LDPE film, at MYR6190/ton ($1456/ton) for LDPE inj. and at MYR6230/ton ($1465/ton) for LDPE coating, all on an FD Malaysia, 30 days deferred payment excluding VAT basis.

For PP, the producer’s prices now stand at MYR5300/ton ($1246/ton) for homo-PP raffia and injection, at MYR5450/ton ($1282/ton) for homo-PP film, at MYR5550/ton ($1305/ton) for PPBC inj. and at MYR5850/ton ($1376/ton) for PPRC inj., all on an FD Malaysia, 30 days deferred payment excluding VAT basis.

Distributors also said that the producer’s new offers will be valid until November 2, 2017.