Turkish EPS offers competitive edge in Italy
by ChemOrbis Editorial Team - content@chemorbis.com
In Italy, players reported that EPS prices from Turkey emerged at competitive levels and August deals for white and black/grey non-flammable grades were closed €20/ton higher at €1560-1570/ton on FD Italy, 60 days basis from July.
A buyer in the insulation sector reported, “We purchased some locally-held cargoes from Turkey this month as European sellers’ EPS offers were relatively higher.”
The overall spot EPS ranges for various European origins stand at €1540-1620/ton for black/grey non-flammable, at €1580-1600/ton for white non-flammable and €1520-1600/ton for white regular grades on FD Italy, 60 days basis.
In Turkey, overall activity for EPS was muted as the depreciation of Turkish Lira against dollar and disappointing demand from the construction sector kept purchases limited to basic needs.
A buyer in the insulation sector reported, “We purchased some locally-held cargoes from Turkey this month as European sellers’ EPS offers were relatively higher.”
The overall spot EPS ranges for various European origins stand at €1540-1620/ton for black/grey non-flammable, at €1580-1600/ton for white non-flammable and €1520-1600/ton for white regular grades on FD Italy, 60 days basis.
In Turkey, overall activity for EPS was muted as the depreciation of Turkish Lira against dollar and disappointing demand from the construction sector kept purchases limited to basic needs.
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