Local producer lifted February PP offers sharply in Malaysia; moderate hikes on PE
Local producer lifted February PP offers sharply in Malaysia; moderate hikes on PE
A key domestic producer in Malaysia lifted February PP and PE offers, marking the second straight month of firming up on the back of tighter availability and bullish expectations surrounding the China reopening.
The latest price list and changes are shown in the following table:
|
Material |
Price List on 30 Jan. 2023 |
USD Equivalent |
Monthly Changes |
USD Equivalent |
|
Combined and Reported by CommoPlast |
||||
|
PPH film |
RM5,530 |
$1,304 |
+MYR 250 |
+$59 |
|
PPH yarn |
RM5,380 - 5,430 |
$1,269 - 1,281 |
+MYR 250 |
+$59 |
|
PPH inj |
RM5,580 |
$1,316 |
+MYR 250 |
+$59 |
|
BOPP |
RM5,880 |
$1,387 |
+MYR 160 |
+$38 |
|
PPBC |
RM5,470 - 5,540 |
$1,363 - 1,307 |
+MYR 230 |
+$54 |
|
PPRC |
RM5,580 - 5,880 |
$1,363 - 1,387 |
+MYR 160 |
+$38 |
|
HD film |
RM5,090 - 5,540 |
$1,200 - 1,370 |
+MYR 80 |
+$19 |
|
HD blow |
RM5,190 |
$1,224 |
+MYR 80 |
+$19 |
|
HD inj |
RM5,190 - 5,290 |
$1,224- 1,248 |
+MYR 80 |
+$19 |
|
HD yarn |
- |
- |
- |
- |
|
LD film |
RM5,550 |
$1,309 |
+MYR 80 |
+$19 |
|
LD inj |
RM5,850 |
$1,380 |
+MYR 80 |
+$19 |
|
LD coating |
RM5,890 |
$1,389 |
+MYR 80 |
+$19 |
|
LD Gen Purp |
RM5,410 |
$1,276 |
+MYR 80 |
+$19 |
|
LLDPE film |
- |
- |
- |
- |
|
All based on FD Malaysia terms Price list for 10 tons and below Exchange rates: USD 1 = MYR 4.24 |
||||
Surprisingly, PP offers registered much stronger gains compared to PE even though the start-up at PrefChem’s PP units is expected to boost domestic supply. This is also a development observed across the Southeast Asia region.
“Customers are a bit reluctant, but we expect an uptick in replenishment activities since the preparation for the Ramadan season is about to start,” a trader added.