Malaysian producer lowers Jan PP, PE prices to local market

According to distributors, a Malaysian producer announced its January PE and PP prices to the domestic market with decreases from December.

When compared to last month, the producer cut HDPE and LDPE offers by MYR300/ton ($72/ton), homo-PP raffia, and injection by MYR500/ton ($119/ton), PP copolymers by MYR400/ton ($96/ton).

Meanwhile, the producer skipped HDPE inj. offers due to lack of stock amid production issues.

The producer’s January PE prices were standing at MYR5320/ton ($1256/ton) for HDPE film, at MYR5420/ton ($1280/ton) for HDPE blow molding, at MYR6870/ton ($1622/ton) for LDPE film, at MYR7210/ton ($1702/ton) for inj., and to MYR7250/ton ($1712/ton) for coating, all on FD Malaysia, 30 days deferred payment excluding VAT basis.

January PP prices, meanwhile, were reported at MYR5500/ton ($1299/ton) for homo-PP raffia and injection, at MYR5700/ton ($1346/ton) for homo-PP film, at MYR5710/ton ($1348/ton) for PPBC inj. and at MYR5990/ton ($1414/ton) for PPRC inj., with similar terms.