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PE activity lags behind PP in Turkey

by ChemOrbis Editorial Team -
  • 11/07/2017 (20:31)
Players in Turkey already returned from the extended Eid holidays last week. Several players concurred that the post-holiday demand has fallen short of the previous expectations in the PP and PE markets in general since then. Nonetheless, activity for PP is more vivid compared to PE products, sellers remarked.

Better demand for PP was mostly attributed to supply limitations for PP raffia, with players saying, “Limited cargos from Iran and Egypt kept availability low for homo PP raffia this month. Plus, there are speculations about some delayed deliveries for Turkmenian raffia too.” PP suppliers stated that activity for homo PP fibre and injection was calm, meanwhile.

A large PP, PE trader in Turkey opined, “Supply for PE is sufficient for all grades except for HDPE pipe while converters are refraining from buying large volumes amidst a new round of price cuts in July. However, PP prices are on a mostly steady trend with done deals at or close to the low ends of the overall ranges.”

Another source said, “We started to hear competitive HDPE film prices from Iran recently. We believe that these offers may continue to weigh down on the PE market along with comfortable supply and subdued buying appetite.”

The prevailing homo PP raffia prices for Saudi Arabian origins are reported at $1060-1085/ton CIF Turkey, subject to 6.5% customs duty, cash. PP fibre prices stand at $1090-1120/ton while BOPP offers are between $1060-1090/ton with the same terms amidst deals at the low end.

Middle Eastern PE prices are reported at $1170-1180/ton for LDPE film, $1100-1110/ton for LLDPE c4 film and $1090/ton for HDPE film, CIF, subject to 6.5% customs duty, cash so far this week.
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