Southeast Asia PP Market Price (17 Nov 2009)

Published: 17 Nov 2009 01:41:04 PST

A distributor offers Malaysian PP raffia FD Malaysia, cash at MYR4060/ton ($1200/ton)

A distributor offers Malaysian homo-PP injection FD Malaysia, cash at MYR4060/ton ($1200/ton)

A distributor offers Malaysian PP film FD Malaysia, cash at MYR4280/ton ($1265/ton)

A distributor offers Malaysian PP block copolymer injection FD Malaysia, cash at MYR4400/ton ($1300/ton)

A distributor offers Malaysian PP random copolymer injection FD Malaysia, cash at MYR4630/ton ($1368/ton)

A distributor reported that they elected to leave their offers unchanged for the present in spite of the fact that most buyers are expecting to see lower prices over the next two months in anticipation of the implementation of an ASEAN free trade agreement on January 1, 2010. The distributor added that the recent appreciation of the Malaysian ringgit against the US dollar has bolstered converters’ expectations of lower prices.