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Turkey’s PP market comes back on par with China after 3 months

by ChemOrbis Editorial Team - content@chemorbis.com
  • 12/01/2017 (17:54)
Import homo-PP prices in Turkey were trading well below the levels in China during the last three months. However, the gap between the two markets steadily narrowed since the end of December amidst opposite directions.



Source: ChemOrbis Price Wizard

PP prices in China have been on a softening path since mid-December due to gradually slowing activity ahead of the New Year holiday that will start by end January. On the contrary, Turkey’s import PP market has been on a rise since the end of November supported by limited quotas from Middle Eastern and Iranian supply sources.

This week, Middle Eastern homo PP raffia prices stand at $1020-1040/ton CFR Turkey, subject to 6.5% customs duty, cash, flat week over week amidst hesitant demand due to sharply lower Turkish TL against American dollar and euro. Meanwhile, prices on CFR China basis are reported at around $1020-1050/ton for regional origins.
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