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Global PP, PE producer aims for higher prices in Turkey

by ChemOrbis Editorial Team - content@chemorbis.com
  • 23/06/2016 (08:55)
In Turkey, a global polyolefins producer expressed higher sell ideas for their Saudi Arabian cargos by the middle of this week. Sentiment in the PP and PE markets started to display a cautious firming last week as some sellers voiced their probable increase attempts for next month.

“We lifted our list prices by around $30-40/ton on a weekly basis for homo PP grades and LDPE film given stronger sentiment in Asian markets. Demand from converters remains limited and we did not conclude any deals at those notional levels, except for some LDPE volumes. Nonetheless, we believe that the market will move up to those levels in July,” a source from the producer mentioned.

Inquiries improved this week, he noted, adding that they do not have any concerns about post-holiday demand since they may direct their materials to other alternative markets.

The producer’s list prices currently stand at $1020/ton for PP raffia, $1040/ton for PP fibre, $1040-1050/ton for BOPP, $1060/ton for PP non-woven, all on CIF Turkey, subject to 6.5% customs duty, cash. Their latest LDPE film offers are notionally up to $1190/ton with the same terms. “We could sell some amount at slightly below this level,” the source claimed.
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