Key Malaysian producer lifted August PP, PE offers to the local market
Key Malaysian producer lifted August PP, PE offers to the local market
A major local producer in Malaysia has announced August shipment offers for both PP and PE with large increases from the previous month, with supports from the firming international market and the depreciating Ringgit against the US dollar.
The latest price list and changes are shown in the following table:
|
Material |
Price List on 27 Jul. 21 |
USD Equivalent |
Monthly Changes |
USD Equivalent |
|
Combined and Reported by CommoPlast |
||||
|
PPH film |
RM5,990 |
$1,416 |
+MYR 350 |
+$83 |
|
PPH yarn |
RM5,790 - 5,890 |
$1,369 - 1,392 |
+MYR 350 |
+$83 |
|
PPH inj |
RM6,090 |
$1,440 |
+MYR 350 |
+$83 |
|
BOPP |
RM6,280 |
$1,485 |
+MYR 200 |
+$47 |
|
PPBC |
RM5,900 - 5,970 |
$1,395 - 1,411 |
+MYR 200 |
+$47 |
|
PPRC |
RM6,180 - 6,280 |
$1,461 - 1,485 |
+MYR 200 |
+$47 |
|
HD film |
RM5,230 - 5,790 |
$1,236 - 1,369 |
+MYR 250 – 340 |
+$47 - 59 |
|
HD blow |
RM5,360 |
$1,267 |
+MYR 250 |
+$59 |
|
HD inj |
RM5,410 - 5,510 |
$1,279 - 1,303 |
+MYR 250 |
+$59 |
|
HD yarn |
RM5,320 |
$1,258 |
+MYR 250 |
+$59 |
|
LD film |
RM6,590 |
$1,558 |
+MYR 250 |
+$59 |
|
LD inj |
RM6,790 |
$1,605 |
+MYR 250 |
+$59 |
|
LD coating |
RM6,830 |
$1,615 |
+MYR 250 |
+$59 |
|
LD Gen Purp |
RM6,450 |
$1,525 |
+MYR 250 |
+$59 |
|
LLDPE Film |
RM0 |
|
|
|
|
All based on FD Malaysia terms Exchange rates: USD 1 = MYR 4.23 |
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The buying sentiment in Malaysia has been dwindling for weeks because manufacturers have either slashed operating rates or even shut down in compliance with the Movement Control Order (MCO) as the number of COVID-19 infection cases repeatedly hit new highs. “However, the producer does not seem to face sales pressure due to the maintenance and also steady demand from overseas market,” a market source said.
Buyers are caught off-guard for the initial expectations only called for a minor hike considering the prolonged lockdown in the country. Yet, these customers might have limited choices but to accept the increases for the falling on-hand inventories after weeks without replenishments.