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R-PET Flake - Turkey February 2019

by Merve Madakbaşı - mmadakbasi@chemorbis.com
  • 25/02/2019 (16:37)
According to players in Turkey, R-PET Flake prices firmed up in February after a three-month long downtrend. On the other hand, many players were skeptical about the sustainability of the latest upward trend on the longer run.

Players reported that local offers for R-PET Flake (clear/blue) gained TRY200-250/ton ($38-47/ton) from January to TRY5000-5500/ton ($942-1036/ton with the recent parity) ex-warehouse Turkey, cash excluding 18% VAT.

“The main driver behind rising R-PET Flake prices was soaring bottle prices as they were up by around TRY200-300 to above TRY3000. Yet, we don’t expect larger hikes to see acceptance in March as higher flake prices already squeezed buyers’ margins,” a player highlighted.

Particularly film manufacturers have struggled to compete in export markets. More competitive raw material prices or higher parity would help them improve their profits, according to participants.

As for the state of demand, sellers were at odds as some of them reported stable activities ahead of elections in March. Nonetheless, a large scaled R-PET Flake producer said, “We received a satisfactory number of inquiries this month even from our irregular customers and we have already concluded a few deals for March. Prices may hover close to the higher end of the overall range next month, although no dramatic hikes are likely for now.”

R-PET flakes are often used in film, sheet, yarn and fibre production.
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