Recycled Polymers – Turkey February 2020
|Month: February 2020|
|R-PET Flakes Clear/Blue||4500||4800|
|R-HDPE Black PE100 (PIR*)||4500||5000|
|R-HDPE Blue (PCR**)||4200||5000|
|R- HDPE Black (PCR**)||3500||4000|
|R-LDPE Film Clear (PIR*)||4500||5500|
|R- LDPE Film White (PCR**)||3500||4500|
|R-LDPE Film Honey Colour (PCR**)||2800||3600|
|R-LDPE Film Black (PCR**)||2300||3200|
|R-PP Injection Natural (PIR*)||5000||6000|
|R-PP Coloured (PCR**)||3500||4500|
|R-PP Black Injection (PIR*)||2750||3750|
|R-PP Black (PCR**)||2000||2500|
* (post-industrial recycle)
** (post-consumer recycle)
To see virgin polymer prices, click here .
R-PET Flake prices extend gains into 2nd straight month
R-PET Flake prices increased for the second consecutive month in February on the back of fresh hikes in bale prices.
The overall range for local R-PET Flake (clear/blue) prices was quoted TRY200-300/ton higher from January while bottle bale prices also rose TRY400 month over month.
A seller commented on the outlook for March, saying, “The months of March and April usually point to high season for our customers. They have been keeping their stocks minimum during the last weeks which may prompt them to return to the market to restock.”
On the other hand, the coronavirus outbreak casts a cloud on March outlook, some sellers admitted.
Feb R-HDPE deals wrapped up with rollovers
According to Turkish players, February R-HDPE business has been largely wrapped up with rollovers from January.
“Market sentiment is not weak as local demand continues to improve. Prices, however, hovered around last month’s levels amid largely steady bale prices,” a recycler commented.
Another R-HDPE producer based in Turkey noted, “Demand is not bad, it is definitely better than demand for R-LDPE. However, the downward trend in the virgin HDPE market is preventing recycled HDPE prices from rising. We expect the R-HDPE market to track a mostly stable trend in March.”
R-LDPE producers: Demand from Asia hit by coronavirus
In February, R-LDPE prices in Turkey tracked a stable to softer trend in the face of reduced buying interest. The overall ranges for local R-LDPE prices indicated rollovers or TRY200-300/ton decreases when compared to January.
Several recycled LDPE producers in Turkey reported that demand from China and other Asian countries has been hit by the coronavirus outbreak in February.
“China is an important buyer for Turkish R-LDPE producers. Now that China and most Asian countries are absent due to the coronavirus outbreak, producers struggle to conclude deals. Demand is not bright inside Turkey either amid ample supplies,” a recycler commented.
Another R-LDPE producer noted, “We decided to keep our local prices stable for February while applying $50-100/ton decreases on our offers to export outlets. Exports to Far East and South East Asia have been negatively affected by the virus outbreak, but we continue to sell to the Middle East and Africa. Inside Turkey, market dynamics have not changed much.”
R-PP market sees price hikes on improved demand
Players in Turkey’s R-PP market reported that February prices for several grades witnessed monthly increases of around TRY200-300/ton on the back of improved buying activity.
According to players, domestic demand has started to improve in line with the approaching high season. Buyers have returned to the market to build some stock ahead of March.
“Plus, in January, virgin PP prices in Turkey posted visible gains. Although the virgin market has softened recently, the current offer levels remain high, prompting buyers to search the recycled PP market for competitive prices,” a source at an R-PP producer said.
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