SE Asian producer raises July PP, LDPE prices
Oleh Tim Editorial ChemOrbis - content@chemorbis.com
A trader in Malaysia reported that a Southeast Asian producer has revised its July prices up by $20/ton for LDPE and PPRC injection, by $30/ton for PPBC injection and by $40/ton for homo-PP compared to the previous month.
The producer’s new prices currently stand at $1270/ton for LDPE film, $1310/ton for LDPE injection, $1340/ton for LDPE coating, $1100/ton for PP injection, $1210/ton for PP block copolymer injection and at $1220/ton for PP random copolymer injection, all on a DAP Malaysia, cash basis.
A buyer in the Philippines also reported receiving new LDPE offers from its Southeast Asian supplier with similar hikes at $1270/ton CIF, cash. “This level is too high to be accepted for now in the import market. There is a wide gap between this offer and the other offers in the market,” he said.
The overall LDPE market was reported at $1160-1270/ton CIF Southeast Asia, cash equivalent, implying a weekly increase of $50/ton on the high end. The low end was formed by dutiable Middle Eastern offers while other duty-free offers were reported in the range of $1190-1250/ton with the same terms.
As for homo PP injection and raffia, the overall PP injection and raffia range was slightly firmer at $1010-1180/ton CIF SEA, cash equivalent. Likewise, the low end was formed by Middle Eastern and Chinese origins, although some argued that those levels were not obtainable anymore.
The producer’s new prices currently stand at $1270/ton for LDPE film, $1310/ton for LDPE injection, $1340/ton for LDPE coating, $1100/ton for PP injection, $1210/ton for PP block copolymer injection and at $1220/ton for PP random copolymer injection, all on a DAP Malaysia, cash basis.
A buyer in the Philippines also reported receiving new LDPE offers from its Southeast Asian supplier with similar hikes at $1270/ton CIF, cash. “This level is too high to be accepted for now in the import market. There is a wide gap between this offer and the other offers in the market,” he said.
The overall LDPE market was reported at $1160-1270/ton CIF Southeast Asia, cash equivalent, implying a weekly increase of $50/ton on the high end. The low end was formed by dutiable Middle Eastern offers while other duty-free offers were reported in the range of $1190-1250/ton with the same terms.
As for homo PP injection and raffia, the overall PP injection and raffia range was slightly firmer at $1010-1180/ton CIF SEA, cash equivalent. Likewise, the low end was formed by Middle Eastern and Chinese origins, although some argued that those levels were not obtainable anymore.
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