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R-PET Flake - Turkey July 2019

by Merve Madakbaşı - mmadakbasi@chemorbis.com
  • 31/07/2019 (11:35)
Turkish players reported that demand for R-PET Flake has been discouraging as a main factor to pull offers down. Virgin PET prices were also down since the start of July which exerted an extra pressure on R-PET Flake.

The local R-PET Flake (clear/blue) prices were quoted at TRY5200-5800/ton ($940-1045/ton with the recent parity) ex-warehouse Turkey, cash excluding 18% VAT. The overall range fell by TRY300-500/ton ($54-90/ton) from June.

Bottle bale prices were down marginally by TRY300-400 month over month to TRY2300-2500 in July, players noted. Flake suppliers complained, “Decreases in bottle bale prices were quite limited due to the ongoing limitations in supply. Plus, we could hardly compete in import markets due to the appreciation of TRY against other currencies.”

Coming to expectations, August hints at a new series of decreases with sell ideas being already voiced at TRY5000-5200/ton. A major participant commented, “We are set for a shorter month in terms of working days not only in Turkey but also in Europe. We don’t expect to gauge a visible improvement in activity under these circumstances.”

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