Jul 07, 2020 12:07 p.m.

Domestic PP and PE offers in Malaysia extended firming trend on limited supply

The lack of availability from both local and international suppliers might leave buyers limited choice but to proceed with replenishment.

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It is reported that a major local producer in Malaysia has opened fresh PP and PE offers for July delivery with a substantial hike from the previous month citing the lack of availability and higher production costs.

The producer’s latest price list and month-on-month changes are shown in the following table:

Grade

Price List on

29 June 2020

USD Equivalent

Changes in MYR

Changes in USD

Combined and reported by CommoPlast

PPH film

MYR 4610

$1075

+MYR 320

+$75

PPH yarn

MYR 4410-4510

$1028-1051

+MYR 320

+$75

PPH injection

MYR 4610

$1075

+MYR 320

+$75

BOPP

MYR 4940

$1152

+MYR 280

+$65

PPBC

MYR 4500-4570

$1049-1065

+MYR 280

+$65

PPRC

MYR 4880-5530

$1138-1289

+MYR 280

+$65

HD film

MYR 4020-4700

$937-1096

+MYR 330-380

+$77-89

HD blow

MYR 4100

$956

+MYR 380

+$89

HD injection

MYR 4200-4300

$979-1002

+MYR 200

+$47

HD yarn

MYR 4200

$979

+MYR 200

+$47

LD film

MYR 4590

$1070

+MYR 280

+$65

LD injection

MYR 4690

$1093

+MYR 280

+$65

LD coating

MYR 4730

$1103

+MYR 280

+$65

LD Gen Purpose

MYR 4450

$1037

+MYR 280

+$65

*All based on FD Malaysia term

*Exchange Rate: USD 1 = MYR 4.29

 

There have been reports that local buyers are showing a certain level of reluctance in accepting the latest prices, however, the lack of availability from both local and international suppliers might leave buyers limited choice but to proceed with replenishment. 

Country

Malaysia