Malaysian producer opens March shipment PP, PE offers to Indonesia
Malaysian producer opens March shipment PP, PE offers to Indonesia
A major Malaysian producer has opened fresh PP and PE offers to the Indonesia market for March delivery with a rather large reduction compared to the previous announcement, except for LDPE cargoes.
Latest price list and changes are shown in the following table:
|
Material |
Offered Price (USD/ton) |
Changes |
Material |
Offered Price (USD/ton) |
Changes |
||
|
PP yarn & injection |
$1050 |
-$90 |
LD film |
$1090 |
- |
||
|
PP thermo |
$1080 |
-$90 |
LD lamination |
$1170 |
- |
||
|
PP film |
$1080 |
-$90 |
HD film |
$900 |
-$60 |
||
|
PP fibre |
$1100 |
-$90 |
HD blow moulding |
$900 |
-$60 |
||
|
PP block copolymer |
$1150 |
-$20 |
HD yarn |
$900 |
-$60 |
||
|
PP random copolymer |
$1200 |
-$20 |
|
|
|
||
|
All based on CIF Indonesia, LC AS term |
|||||||
The reduction regardless of the up-coming shutdown reflects the sluggish market condition, especially in Indonesia, where domestic suppliers have been aggressively slashing prices over the past couple of weeks.
“It is very challenging for overseas suppliers to attract buying interest in Indonesia at the moment. Customers have an upper hand in negotiation and tend to place very low bids,” a distributor said.
In fact, the domestic PP and PE market in Indonesia has reached a multi-months low at the time of this report.