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SE Asian producer reduces August PP, LDPE prices

by ChemOrbis Editorial Team -
  • 23/07/2015 (18:18)
According to a distributor, a Southeast Asian producer has announced their August prices for PP and PE with decreases in line with limited demand and weaker upstream costs. The producer lowered their LDPE prices by $70/ton while cutting their PP prices by $70/ton for random copolymer and by $90/ton for block copolymer and homo-PP, bringing their new offers to $1390/ton for LDPE film, $1430/ton for LDPE injection, $1460/ton for LDPE coating, $1240/ton for homo-PP injection, $1300/ton for PP block copolymer injection and at $1380/ton for PP random copolymer injection, all on a DAP Malaysia, cash basis.

Earlier in the week, the trader had predicted that August prices would be cut by $50-80/ton. “Demand is sluggish and this is pulling down prices. We do not expect to see any real improvement in demand before September,” the trader commented.
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