Demand for HDPE pipe performs well in Turkey
South Korean HDPE pipe 100 offers were reported in the range of $1420-1470/ton, CIF Turkey, not subject to custom duties, cash. The range moved $80-90/ton higher compared with late February levels. A pipe manufacturer in West Turkey who received the offer said, “The trader seemed to be open to negotiations after we told them that this price is too high to work with.” A trader, however, stated that South Korean producers cannot offer much HDPE pipe as the capacity is already low.
Indian origin also emerged in the market in March after a long absence. A converter reported that last week they received offers for Indian origins at $1425-1450/ton subject to 3% customs duty.
For other origins subject to 6.5% custom duties in Turkey, Taiwanese, Thai and Russian origins were reported at $1385-1450/ton CIF Turkey, cash. When compared to the second half of February, this range indicates increases of $170-180/ton. Another pipe maker also reported receiving offers for a Saudi origin at $1400/ton FCA last week, representing an increase of $200/ton when compared to an offer in mid-February.
“Demand is only good for HDPE pipe and film. Pipe applications for PVC and PPRC are not showing a performance as good as HDPE pipe,” said a trader.
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