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Mid-Eastern PE producer revises August prices down to Turkey

by ChemOrbis Editorial Team -
  • 29/07/2015 (14:42)
A Middle Eastern PE producer revised their initial August prices to Turkey downward as of today, reported a buyer.

After initially approaching the market with rollovers for LDPE and HDPE and $30-40/ton drops for LLDPE from July earlier this week, the producer lowered their prices by $40/ton for all grades. “We found the initial announcements from the source unworkable amidst market talks about much lower prices. We believe those levels will see resistance from the market,” players reported earlier in the week.

The latest prices from the supplier stand at $1360/ton for LDPE film, $1340/ton for HDPE film and $1310/ton for LLDPE c4 film, all CIF Turkey, subject to 6.5% customs duty, cash. PE prices in Turkey have been on a downwards trend since the middle of May amidst pressure from falling costs and sluggish demand.
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