An Indonesian converter contacted by SSESSMENTS.COM’s team revealed that import HDPE Pipe of several origins emerged in the market with adjustments. This week, the converter received import HDPE Pipe Black (100) offers from a South Korean producer and a Thai PE producer at $50/ton higher on the monthly comparison. The converter opined that the producers should be willing to give a discount of up to $50/ton since the converter is a regular customer. From an Emirati producer, the converter as a regular customer received offers for the same product at $1,050/ton. The converter plans to purchase Emirati cargoes on a small quantity.
Additionally, the converter also received import HDPE Pipe Black (100) offers from another South Korean producer at $1,030/ton. As informed by the converter, such a level is a promotional price since the producer just started offering to Indonesia. All import offers are on LC at sight, CIF Indonesia Main Port basis. Meanwhile, a Thai polyolefins producer skipped offering HDPE Pipe Black (100) for August shipment and will only start offering for September shipment due to no allocation. More added, lately, the converter only purchased HDPE Pipe Black (100) for production needs in order to minimize costs since the natural HDPE Pipe is priced higher around $10-20/ton than the HDPE Pipe Black, SSESSMENTS.COM was told.
