Malaysian producer reveals Dec PP, PE offers to local market

Distributors in Malaysia reported that a local producer announced its December prices to its domestic market with decreases for PP and PE when compared to November.

The producer decreased its new offers by MYR350/ton ($83ton) for HDPE film and blow moulding and by MYR400/ton ($95/ton) for HDPE inj. As for PP and LDPE grades, offers were down by MYR300/ton ($71/ton) on the month.

The producer’s December PE prices currently stand at MYR5220/ton ($1240/ton) for HDPE film, at MYR5300/ton ($1259/ton) for HDPE blow moulding, at MYR5210/ton ($1238ton) for HDPE inj., at MYR4800/ton ($1140/ton) for LDPE film, at MYR5290/ton ($1257/ton) for LDPE inj. and at MYR5330/ton ($1266/ton) for LDPE coating, all on an FD Malaysia, 30 days deferred payment excluding VAT basis.

For PP, the producer’s new prices now stand at MYR5350/ton ($1271/ton) for homo-PP raffia and injection, at MYR5500/ton ($1307/ton) for homo-PP film, at MYR5600/ton ($1330/ton) for PPBC inj. and at MYR5850/ton ($1390/ton) for PPRC inj. with the same terms.