Malaysian producer cuts September PP and PE offers to Indonesia
Malaysian producer cuts September PP and PE offers to Indonesia
It is reported that a Malaysian producer has slashed import PP and PE offers to Indonesia for September loading, ending the two consecutive months of firming up.
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 |
$980 |
-$40 |
LD film |
$1000 |
-$20 |
||
|
PP thermo |
$1010 |
-$40 |
LD lamination |
$1080 |
-$20 |
||
|
PP film |
$1010 |
-$40 |
HD film |
$950 |
-$10 |
||
|
PP fibre |
$1080 |
-$20 |
HD blow moulding |
$950 |
-$10 |
||
|
PP block copolymer |
$1040 |
-$10 |
HD yarn |
$950 |
-$10 |
||
|
PP random copolymer |
$1110 |
-$10 |
|
|
|
||
|
All based on CIF Indonesia, LC AS term |
|||||||
The reduction underlines the increasing pressure the producer faces from the sluggish regional demand although it is reported that sentiment in the local Malaysian market has been improving while Chinese customers are returning to make replenishment.
“Local PP and PE cargoes in Indonesia are more competitive and we expect additional price cuts in order to attract buyers,” a buyer said