Malaysian producer drastically lifted local PP, PE offers for March delivery
Malaysian producer drastically lifted local PP, PE offers for March delivery
Malaysian buyers reported having received fresh PP and PE offers for March delivery from a major local producer with drastic increases from the previous month with support from the recent development in the international market.
The latest price list and changes are shown in the following table:
Material |
Price List on 26 Feb. 21 |
USD Equivalent |
Monthly Changes |
USD Equivalent |
Combined and Reported by CommoPlast |
||||
PPH film |
RM6,490 |
$1,602 |
+RM 1,000 |
+$247 |
PPH yarn |
RM6,290-6,390 |
$1553-1578 |
+RM 1,000 |
+$247 |
PPH inj |
RM6,490 |
$1,602 |
+RM 1,000 |
+$247 |
BOPP |
RM6,860 |
$1,694 |
+RM 1,000 |
+$247 |
PPBC |
RM6,480-6,550 |
$1600 - 1617 |
+RM 1,000 |
+$247 |
PPRC |
RM6,760-6,860 |
$1669 - 1694 |
+RM 1,000 |
+$247 |
HD film |
RM5,110-5,530 |
$1262 - 1365 |
+RM 400 |
+$99 |
HD blow |
RM5,190 |
$1,281 |
+RM 400 |
+$99 |
HD inj |
RM5,240 - 5,340 |
$1294 - 1319 |
+RM 400 |
+$99 |
HD yarn |
RM5,200 |
$1,284 |
+RM 400 |
+$99 |
LD film |
RM6,790 |
$1,677 |
+RM 500 |
+$123 |
LD inj |
RM6,990 |
$1,726 |
+RM 500 |
+$123 |
LD coating |
RM7,030 |
$1,736 |
+RM 500 |
+$123 |
LD Gen Purp |
RM6,650 |
$1,642 |
+RM 500 |
+$123 |
LLDPE Film |
TBA |
|
|
|
All based on FD Malaysia terms Exchange rates: USD 1 = MYR 4.05 |
Malaysian buyers are puzzled by the increases and become very reluctant to accept the new offers. “We received a number of complaints from regular customers, who are struggling to abruptly increase end-product prices. Many are now entering negotiations with end product buyers before making new purchases to avoid risks,” a distributor added.
Such movement is observed across the Southeast Asia region as manufacturers prefer to secure new PO for end-product before proceeding with new replenishment, causing a generally sluggish trading sentiment in spite of a clearly firming outlook.