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Mid-Eastern HDPE breaks below a threshold in Turkey

by ChemOrbis Editorial Team -
  • 12/05/2016 (09:31)
Import PE prices have been revealed on a stable to soft note from the Middle East to Turkey for May shipment cargoes. Although some regular suppliers held their offers above the $1200/ton CIF threshold, some deals for HDPE film have been reported at levels as low as $1150-1170/ton CIF, cash, subject to 6.5% duty recently.

In the HDPE market, some deals were concluded at $1150-1170/ton whereas the list prices of some suppliers are pegged at $1200-1220/ton with the same terms. These sellers admit to be facing some resistance from buyers in the midst of buyers’ expectations for softer prices for the near term.

Rumor also has it that HDPE film is even offered below $1150/ton as supply for this product is more comfortable with respect to other PE products but this could not confirmed at the time of press.

A similar situation is valid in LLDPE film, for which a buyer reported to have concluded a deal at $1160/ton with the same terms, although the majority of offers remain above $1200/ton this week.
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