Malaysian maker announced October PP, PE offers to Indonesia with drastic hike
Malaysian maker announced October PP, PE offers to Indonesia with drastic hike
A major Malaysian producer has announced October shipment offers for both PP and PE to the Indonesia market with drastic increases compared to the previous month, especially for LDPE cargoes, which see three digits hike.
The 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 |
+$70 |
LD film |
$1240 |
+$240 |
||
|
PP thermo |
$1080 |
+$70 |
LD lamination |
$1320 |
+$240 |
||
|
PP film |
$1080 |
+$70 |
HD film |
$1010 |
+$60 |
||
|
PP fibre |
$1130 |
+$50 |
HD blow moulding |
$1010 |
+$60 |
||
|
PP block copolymer |
$1100 |
+$60 |
HD yarn |
$1010 |
+$60 |
||
|
PP random copolymer |
$1160 |
+$50 |
|
|
|
||
|
All based on CIF Indonesia, LC AS term |
|||||||
The new offers reflect the current firming trend across the region thanks to the recent uptick in demand in China that helps suppliers deplete a good number of cargoes. Apparently, supply for LDPE is especially tight due to the on-going maintenance shutdown at one of Thailand’s plants and the healthy demand for EVA that encourages swing plants to focus on the better margin product.
“However, the latest price list for LDPE film is rather bizarre considering the sluggish demand condition in Indonesia. We do not expect strong buying interest this time,” a trader commented.
Several other buyers prefer to wait on the sideline for more offers from regional suppliers before making decisions.