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Malaysian producer lifts Aug PE, PP prices to local and regional markets

by ChemOrbis Editorial Team -
  • 28/07/2017 (12:20)
Players reported that a Malaysian producer announced its August PP and PE prices with increases from last month as they were able to sell a large quantity of material to export markets, particularly to China.

The producer reportedly increased its domestic offers by MYR120/ton ($28/ton) for PP and HDPE, by MYR50/ton ($11/ton) for LDPE and by MYR100/ton ($23/ton) for LLDPE when compared to its July levels.

The producer’s new PE prices stand at MYR5030/ton ($1170/ton) for HDPE film, at MYR5110/ton ($1188/ton) for HDPE blow moulding, at MYR 5160/ton ($1200/ton) for HDPE inj., at MYR5550/ton ($1290/ton) for LDPE film, at MYR5750/ton ($1337/ton) for LDPE inj., at MYR5930/ton ($1379/ton) for LDPE coating and at MYR5300/ton ($1232/ton) for LLDPE c4 film, all on an FD Malaysia, 30 days deferred payment term excluding VAT basis.

For PP, the producer’s prices currently stand at MYR4950/ton ($1151/ton) for homo-PP raffia and injection, at MYR5100/ton ($1185/ton) for homo-PP film, at MYR5150/ton ($1198/ton) for PPBC inj. and at MYR5450/ton ($1267/ton) for PPRC inj., all on an FD Malaysia, 30 days deferred payment term excluding VAT basis.

Meanwhile, traders reported that the producer applied an upward revision on its August offers to the regional markets except for Indonesia. When compared to its initial August announcement levels, the producer increased its offers by $30/ton for PP and LDPE, and by $20/ton for HDPE and LLDPE.

Traders reported import offers from the producer at $1120/ton for HDPE film and blow moulding, at $1240/ton for LDPE film, at $1130/ton for homo-PP injection, at $1180/ton for PPBC injection and at $1280/ton for PPRC injection, all on CIF SEA excluding Indonesia, cash basis.
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