As SSESSMENTS.COM noted, August shipment offers from a Malaysian polyolefins producer to the Philippines posted three digits adjustment. As contacted on July 15, a Philippines trader informed on receiving August shipment offers for PE and PP cargoes from a Malaysian polyolefins producer at $100-120/ton higher. The latest offers for HDPE Film and LDPE Film surged by $120/ton and $100/ton, respectively. Whereas offers for PP Homopolymers grades increased by $100/ton. All compared to deals for July shipment.
Import PE, PP offers on LC at sight, CIF Manila Port
| Origin | Product | Transaction Type | Offers (USD/ton) |
|---|---|---|---|
| Malaysia | HDPE Film | Offer Received | 950 |
| Malaysia | LDPE Film | Offer Received | 1,020 |
| Malaysia | PP Homo Film | Offer Received | 1,050 |
| Malaysia | PP Homo Injection | Offer Received | 1,020 |
| Malaysia | PP Homo Raffia | Offer Received | 1,020 |
