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