Suzhou Oude Science&Technology Co.,Ltd

Players in Malaysia report that domestic producers have announced their February PP and PE offers to the local market with further increases from the late January offer levels. Higher production costs along with limited availability were cited as the main reasons supporting producers’ price hikes. Producers’ new prices have not yet met with acceptance on the converters’ side, with many buyers electing to delay their purchases for now in hopes of obtaining more attractive prices after the Chinese New Year holidays.

In the PP market, initial February offers were reported with increases of MYR210/ton ($62/ton) for homo-PP injection and raffia, MYR310/ton ($91/ton) for PP film and at MYR410/ton ($120/ton) for copolymer PP when compared with the late January offer levels. Offers for domestic PP are currently being reported at MYR4740-4810/ton ($1390-1410/ton) for homo-PP injection and raffia, MYR4980-5010/ton ($1460-1469/ton) for PP film and at MYR5160/ton ($1513/ton) for PP block copolymer, all on an FD Malaysia, cash equivalent basis.

In the PE market, initial February offers were reported with increases of MYR400/ton ($117/ton) for LDPE film, MYR150/ton ($44/ton) for LLDPE film and MYR100/ton ($29/ton) for HDPE film when compared with the late January offer levels. Offers for domestic cargoes are currently being reported at MYR5600-5640/ton ($1642-1654/ton) for LDPE film, MYR5220/ton ($1531/ton) for LLDPE film and at MYR4730-4860/ton ($1387-1425/ton) for HDPE film, all on an FD Malaysia, cash equivalent basis.

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