ChemOrbis Gaziantep Petrochemicals Summit: Turkey’s homo PP demand might need up to 100.000 tons of incremental supply
In Turkey, homo PP fiber and raffia demand count for 30% of the whole PP demand. Domestic PP demand at 2 million tons/year indicates a growth of 3-3.5% per year. This would equal a need of 60.000-100.000 tons of incremental supply. “Increases in global PP capacities will not be enough to supply 15 million tons of the overall demand in 2025 if demand grows 4-5% per year,” Borusso said.
“Meanwhile, if crude oil prices escalates to $80-90/barrel at the time, naphtha/steam crackers will lose attractiveness against PDH (Propylene Dehydrogenation) units,” he stated.
Regarding PES (Polyethersulfone), lower manpower costs have been sustaining faster demand growth particularly in India and China, which counts for over 80% of PES fiber exports, Andre Borusso stated. Turkey operates around 70% of the region’s PES capacity of 600,000 tons, while it consumes almost 80% of the region’s PES demand at 1.5 million tons. “The region is supplied by imports given an operation deficit of 1 million tons, which leaves space for new investments in Turkey if raw material costs can prove competitive against imports from Asia,” he added.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Turkey’s PP and PE markets propelled to a firm start to H2 despite vulnerable conditions
- Asian PVC sees V-shaped recovery in Q2, what will Q3 bring?
- Will capacity additions cast cloud on ethylene upsurge in Asia?
- US PVC offers in Egypt rise steadily but resistance grows in tandem
- PE buyers’ resistance grows in SEA; duty-free origins more competitive than Mid-East
- Polymer demand cools in Turkey: Is price correction ahead for PP, PE and PVC?
- China’s rising PET trend takes a pause, but longer-term outlook remains firm
- Uptrend in China’s import PP market continues but cautious mood returns
- Hikes in Asia July PVC offers baffle some buyers, further rally under discussion
- Optimism is rising on resurgent demand in European polymer markets