Malaysian maker opens local PP, PE offers for April with substantial increases
Malaysian maker opens local PP, PE offers for April with substantial increases
Malaysian buyers reported having received fresh PP and PE offers from a key local producer for April delivery with substantial increases, a development that has been ongoing across the region as a result of the rising crude and upstream costs.
The latest price list and changes are shown in the following table:
|
Material |
Price List on 30 Mar. 2022 |
USD Equivalent |
Monthly Changes |
USD Equivalent |
|
Combined and Reported by CommoPlast |
||||
|
PPH film |
RM7,010 |
$1,661 |
+MYR 400 |
+$95 |
|
PPH yarn |
RM6,810 - 6,910 |
$1,614 - 1,626 |
+MYR 400 |
+$95 |
|
PPH inj |
RM7,110 |
$1,685 |
+MYR 400 |
+$95 |
|
BOPP |
RM7,350 |
$1,742 |
+MYR 500 |
+$118 |
|
PPBC |
RM6,970 - 7,040 |
$1,652 - 1,668 |
+MYR 500 |
+$118 |
|
PPRC |
RM7,250 - 7,350 |
$1,718 - 1,742 |
+MYR 500 |
+$118 |
|
HD film |
RM6,890 - 7,360 |
$1,633 - 1,744 |
+MYR 800 |
+$190 |
|
HD blow |
RM6,990 |
$1,656 |
+MYR 800 |
+$190 |
|
HD inj |
RM6,980 - 7,080 |
$1,654 - 1,678 |
+MYR 800 |
+$190 |
|
HD yarn |
RM6,990 |
$1,656 |
+MYR 800 |
+$190 |
|
LD film |
RM8,150 |
$1,931 |
+MYR 600 |
+$142 |
|
LD inj |
RM8,350 |
$1,979 |
+MYR 600 |
+$142 |
|
LD coating |
RM8,390 |
$1,988 |
+MYR 600 |
+$142 |
|
LD Gen Purp |
RM8,010 |
$1,898 |
+MYR 600 |
+$142 |
|
LLDPE film |
- |
- |
- |
- |
|
All based on FD Malaysia terms Price list for 10 tons and below Exchange rates: USD 1 = MYR 4.22 |
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As reported earlier, Lotte Chemical Titan has lowered operating rates at its No. 1 naphtha cracker in Pasir Gudang by 10-20% starting 14 March 2022 due to high feedstock costs. The producer has also shut its Fluidised Naphtha Cracker (FNC) at the same location for two-month maintenance.
As a result, the downstream PP and PE units are expected to reduce operating rates. These include three PP lines with a combined output of 640,000 tons/year, two HDPE lines with outputs of 335,000 tons/year, and an LDPE line capacity of 230,000 tons/year.
Lotte Chemical Titan might cut export allocations by up to 50% as a result of the production disruption.
“The sharp increases are also a reflection of the reduced availability. However, we expect the demand to slightly soften this month due to the fasting season. Besides, prices are too high for customers to accept,” added, a local trader.