Malaysian producer lowers Feb PP, PE prices to local market

Distributors in Malaysia reported that a local producer announced its PP and PE prices to its domestic market for February with decreases from January.

The producer cut its February offers by MYR200/ton ($49/ton) for LDPE and homo-PP grades month over month while applying a smaller decrease of MYR100/ton ($25/ton) for HDPE and PP copolymers.

Accordingly, the producer’s new PE offers now stand at MYR4650/ton ($1148/ton) for HDPE film, at MYR4730/ton ($1168/ton) for HDPE blow molding, at MYR4780/ton ($1180/ton) for HDPE inj., at MYR6090/ton ($1504/ton) for LDPE film, at MYR6430/ton ($1587/ton) for LDPE inj. and at MYR6470/ton ($1597/ton) for LDPE coating -all on an FD Malaysia, 30 days deferred payment excluding VAT basis.

The producer’s latest PP prices, meanwhile, currently stand at MYR5230/ton ($1291/ton) for homo-PP raffia and injection, at MYR5430/ton ($1341/ton) for homo-PP film, at MYR5420/ton ($1334/ton) for PPBC inj. and at MYR5700/ton ($1407/ton) for PPRC inj., with the same terms.